HB 369 - School Board Fairness Act

• Requires school board approval for residential property tax exemptions in community reinvestment areas where the exemption percentage equals or exceeds 50% of assessed valuation.

• Housing officer must forward exemption applications to school district boards of education within 14 days of receipt for properties meeting the 50% threshold.

• School boards have 30 days to approve or disapprove applications by majority resolution, with authority to waive approval rights through adopted resolution.

• Maintains existing exemption provisions for commercial/industrial properties requiring written agreements between legislative authority and property owners, with school board approval required when applicable.

• School boards can rescind any waiver of approval rights by certifying notice to the housing officer, restoring their authority to review applications.