SJR 038 Cert. Land May Receive a Maximum 25 Yr. Prop. Tax Abatement
LR Number:S3532.01I Fiscal Note:3532-01
Committee:Ways and Means
Last Action:03/05/96 - Hearing Conducted S Ways & Means Committee
Effective Date:INDEFINITE
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Current Bill Summary

SJR 38 - This joint resolution, upon adoption by the qualified voters of the state, would place a maximum property tax abatement limit of 25 years on areas which are obsolete, decadent or blighted. Currently, such property may be granted multiple 25 year abatements.