House Committee of Reference Report
Committee on Finance
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All text that will be removed from the bill will be indicated by strikethrough as follows:
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This is text that is removed from law. -
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February 23, 2026
After consideration on the merits, the Committee recommends the following:
HB26-1066 be amended as follows, and as so amended, be referred to the Committee on Appropriations with favorable recommendation:
Page 1, Line 1Amend printed bill, page 2, line 4, strike "and (2)(c)(II)(C)" and substitute
Page 1, Line 2"(2)(c)(II)(C), and (3)(b)(III)".
Page 1, Line 3Page 3, line 10, strike "that has" and substitute "for at least five years
Page 1, Line 4has had".
Page 1, Line 5Page 4, after line 9, insert:
Page 1, Line 6"(3) (b) (III) The nonprofit housing provider is liable for all
Page 1, Line 7property taxes that the provider did not previously pay due to the
Page 1, Line 8exemption if the provider sells, donates, or leases the property to anyone
Page 1, Line 9other than:
Page 1, Line 10(A) A low-income applicant An applicant with a low income
Page 1, Line 11who purchased the property; or
Page 1, Line 12(B) A community land trust or nonprofit housing provider
Page 1, Line 13intending to sell the improvements on the property to a low-income
Page 1, Line 14applicant an applicant with a low income and lease the underlying
Page 1, Line 15land to the low-income applicant with a low income through a land
Page 1, Line 16lease; or
Page 1, Line 17(C) A developer or ownership entity that, pursuant to a
Page 1, Line 18recorded affordability restriction and an executed
Page 1, Line 19development agreement or ground lease with the nonprofit
Page 1, Line 20housing provider, is obligated to construct low-income
Page 1, Line 21residential rental housing on the property and lease the
Page 1, Line 22dwelling units to applicants with low incomes for residential
Page 1, Line 23use.".
Page 1, Line 24Page 5, line 22, strike "rental property." and substitute "multiunit
Page 2, Line 1property.".