AN ACT RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES

HB 5236 would increase the maximum local tax rate to 12% for certain federally supported housing properties. Specifically, it applies to residential properties in Section 202 Supportive Housing for the Elderly, Section 811 Supporting Housing for Persons with Disabilities, or project-based Section 8 housing that use an operating cost basis for federal reimbursement. This 12% rate would take effect January 1, 2026, replacing the current 8% maximum for these properties. The bill does not change existing tax rates but sets a higher cap for these specific federally assisted housing programs.