§1762. Property tax provisions
1.
Property not tax-exempt.
Notwithstanding any provision of law to the contrary, cooperative property does not qualify for property tax exemption under Title 36, section 652, subsection 1, paragraph A.
[PL 1993, c. 300, §1 (NEW).]
2.
Eligibility for property tax relief.
Without limiting the eligibility of members of any other corporation or unincorporated association that provides housing on a cooperative basis for tax relief, a member of a cooperative affordable housing corporation is eligible for any relief afforded to property taxpayers under law.
[PL 1993, c. 300, §1 (NEW).]
3.
Homestead exemption from attachment and execution.
Title 14, section 4422 applies to cooperative interests in cooperative affordable housing corporations.
[PL 1993, c. 300, §1 (NEW).]
SECTION HISTORY
PL 1993, c. 300, §1 (NEW).