Lead Sponsors: Representative Brian Lorenz
Status: Introduced (January 23, 2025)
Description: The bill creates a definition for "storage condominium" and classifies them as residential property rather than commercial property for property taxation.
The definition of a “storage condominium” is real property where all persons with ownership interest are individuals with an undivided interest in common elements of the property and as property where the units in the property are dedicated to the storage of motor vehicles, boats, trailers, other recreational vehicles, or household items, and each.
CCAO Position: No position (as of January 2025)