Clarify Tax Exemptions For Housing Authorities

House Bill 00-1284, concerning housing authorities, extended to housing authority subsidiaries the same exemptions from payment of taxes and fees levied by the state and its subdivisions (government charges) as enjoyed by public housing authorities. In 2013, the department of revenue (department) revised its interpretation of that law, resulting in certain exemptions for housing authority subsidiaries being disallowed. The act clarifies the scope of the exemption from government charges for property owned by or leased to a housing authority or owned by, leased to, or under construction by an entity that is wholly owned by an authority, an entity in which an authority has an ownership interest, or an entity in which an entity wholly owned by an authority or of which an authority is the sole member has an ownership interest so that the department again allows the exemption to subsidiaries to the same extent as it had been allowing them before the department's 2013 reinterpretation of the law.

(Note: This summary applies to this bill as enacted.)