SB 251
Changes the classification of certain watercraft from personal property to real property for property tax purposes
Sponsor:
LR Number:
1224S.02I
Last Action:
2/10/2011 - Second Read and Referred S Ways and Means and Fiscal Oversight Committee
Journal Page:
S236
Title:
Calendar Position:
Effective Date:
August 28, 2011

Current Bill Summary

SB 251 - This act changes the classification of certain watercraft from personal property to real property for property tax purposes. To be classified as real property, the watercraft must: be the temporary or permanent residence of the taxpayer; have kitchen, bath, and toilet facilities; have a sleeping area; be registered as a watercraft by the state; and be eligible for the home mortgage deduction on the taxpayer's federal income tax return.

This act is similar to House Bill 1647 (2010).

JASON ZAMKUS

Amendments