SB 97
Modifies provisions relating to the assessment of certain tax-exempt properties
Sponsor:
LR Number:
0562S.02C
Last Action:
5/17/2019 - Informal Calendar S Bills for Perfection--SB 97-Hegeman, with SCS
Journal Page:
Title:
SCS SB 97
Calendar Position:
Effective Date:
August 28, 2019

Current Bill Summary

SCS/SB 97 - Current law provides that property that was partially or completely exempt from ad valorem property taxes under the tax increment financing, enterprise zone, and urban redevelopment corporations programs shall be included in the value of new construction and improvements for the purposes of assessed valuations once such property becomes partially or completely subject to taxation. This act expands such provision to cover all such properties under any ad valorem property tax program.

This act is substantially similar to HB 1004 (2019).

JOSHUA NORBERG

Amendments

No Amendments Found.