Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2016
Property Tax Annotations
880.0000 WELFARE EXEMPTION
(a) IN GENERAL
880.0155.005 Low Income Housing. Revenue and Taxation Code section 214(g)(2)(B) requires a developer to certify that property tax savings be used to "maintain the affordability of" or "reduce rents otherwise necessary for" low-income housing units. A Payment In Lieu of Tax (PILOT) Agreement between a local government and an owner of a low-income housing project does not disqualify a developer from making the certification if rents have been maintained in accord with those required by section 214(g)(2)(A), and the developer has a reasonable belief that the PILOT payment will be used to support or benefit the low income housing development. C 3/20/2013.