SB 776
Eliminates a provision regarding how leases of commercial property at airports are assessed for property tax purposes
Sponsor:
LR Number:
5771S.01I
Last Action:
3/22/2012 - Hearing Conducted S Ways and Means and Fiscal Oversight Committee
Journal Page:
Title:
Calendar Position:
Effective Date:
August 28, 2012

Current Bill Summary

SB 776 - This act eliminates a provision of law that allows taxpayers leasing commercial property at certain publicly-owned airports to decrease the value of the lease for real estate property tax assessment purposes by the cost of any new construction or improvements to the property.

EMILY KALMER

Amendments