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Sun Nov 1, 2020, 10:57 AM

What is House Bill #344 about?

Looks like it's abandoning the collection of intangible tax on no-interest loans made by charities for the purpose of building or repairing single-family homes. Is this to help non-profits such as Habitat for Humanity?

If so, I'd be good with it. If this is subterfuge, I'd like to know.

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Reply What is House Bill #344 about? (Original post)
Mr. Ected Nov 2020 OP
brer cat Nov 2020 #1
Hoyt Nov 2020 #2

Response to Mr. Ected (Original post)

Sun Nov 1, 2020, 11:01 AM

1. My understanding is that it is to help non-profits

such as HfH.

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Response to Mr. Ected (Original post)

Sun Nov 1, 2020, 11:15 AM

2. It appears to be designed to help organizations like Habitat for Humanity to build a few more houses

by saving them some on property taxes.

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