Military housing

From the 2024 DOR Tax Exemption Study

82.29A.130(19) - Military housing Description All leasehold interests in certain military housing units and ancillary supporting facilities are exempt from property tax and leasehold excise tax. The housing must be located on land owned in fee by the federal government, be used for housing military personnel and their families, and be provided by a development project under the federal Military Housing Privatization Initiative of 1996. Purpose To support military housing. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes CTI CTI CTI CTI Local Taxes CTI CTI CTI CTI Repeal of Repealing this exemption may possibly increase revenues. The department would exemption have to bill individual renters for the leasehold tax. This could be difficult in the changing military environment. Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 CTI CTI CTI Local Taxes $0.000 CTI CTI CTI Assumptions - This exemption impacts fewer than three taxpayers; any impacts are confidential. Data Sources - Department of Revenue, Property tax data - Office of the Secretary of Defense, Military housing data Additional Additional I