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FISCAL NOTE
House Bill 406
Committee: Ways and Means General FundSponsor: Representative Adline Clarke
Analyst: Hunter Lapp Date: 04/24/2024
House Bill 406 as reported by the Committee on Ways and Means General Fund would exempt
county housing authorities from all state taxes, which would decrease receipts to various entities
and funds by an undetermined amount, including the State General Fund and Education Trust
Fund.
This bill would also decrease tax receipts to county and municipal funds by an undetermined
amount, if the respective local governments adopt an exemption from local taxes pursuant to
this bill.
This bill would also provide further for the powers of such authority, including the making of
certain debts or equity financing, creation of profit or not-for-profit subsidiaries or other
business organizations, and contracting for design-build agreements.