The new law will provide:
- a property tax credit for an accessibility feature installed on an existing residence;
- a property tax credit for meeting a Level I or Level II accessibility standard on a new single-family residence;
- an impact tax credit against the Development Impact Tax for Public School Improvements for meeting a Level I accessibility standard in single-family attached and detached homes; and
- tax credits to builders and homeowners for including Level I visit-ability (up to $3,600) and Level II live-ability (up to $10,000) accessibility features in new and existing residential housing. The law also requires that developers and realtors disclose to the buyer of a new home – before the buyer signs the contract to purchase a new single-family residential property -- that property tax credits for accessibility are available.
Read the news release.