STATEMENT OF PURPOSE
RS27978 / H0633
This bill amends Idaho Code §63-602GG. Current law does not allow a nonprofit organization that owns low
income housing to hire professional property management without loosing the property tax exemption they
rely on to maintain affordable housing. This one word change simply allows a nonprofit entity that owns low
income housing to hire a non-related nonprofit property management company to manage their properties.
FISCAL NOTE
There is no impact to the general fund or any other units of state or local government.
Contact:
Representative Robert Anderst
(208) 332-1000
DISCLAIMER: This statement of purpose and fiscal note are a mere attachment to this bill and prepared by a proponent
of the bill. It is neither intended as an expression of legislative intent nor intended for any use outside of the legislative
process, including judicial review (Joint Rule 18).
Statement of Purpose / Fiscal Note Bill SOP/FN INTRODUCED: 03/13/2020, 9:29 AM


Statutes affected:
Bill Text: 63-602GG