|SB 0038||Changes cut-off date for assessment of newly const. property|
|Last Action:||02/02/95 - Voted Do Pass S Ways & Means Committee|
|Effective Date:||August 28, 1995|
SB 38 - In certain counties, newly constructed residential property is placed on the property tax books on the first day of the month following occupancy, unless the property is occupied after September 1. In such case, the property is not assessed until the following year. This act removes the September 1 cut- off date and permits assessment throughout the year in such counties.
This act was incorporated into SS/SB 264.