2006 Regular Session

HOUSE BILL 724

CHAPTER NUMBER: 98 File Code: Real Property
Sponsored By:
Chairman, Ways and Means Committee (By Request - Departmental - Assessments and Taxation)
Entitled:
Property Tax Assessment - Agricultural Use Property - Elderly or Disabled Property Owner

Synopsis:

Altering the applicability of the gross income requirement for land less than 20 acres to qualify for agricultural use assessment for property tax purposes; authorizing the Director of Assessments and Taxation to grant a waiver from the requirements of specified provisions regarding valuation and assessment to property owners who are at least 70 years of age or are disabled and meet specified conditions regarding ownership; and applying the Act to taxable years beginning after June 30, 2006.

History by Legislative Date

House Action
2/6
First Reading Ways and Means
2/8
Hearing 2/15 at 1:00 p.m.
3/13
Favorable with Amendments Report by Ways and Means
3/14
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/16
Third Reading Passed (138-0)
4/2
Returned Passed
Senate Action
3/17
First Reading Budget and Taxation
3/22
Hearing 3/27 at 1:00 p.m.
3/24
Hearing cancelled
Hearing 3/29 at 1:00 p.m.
4/5
Favorable Report by Budget and Taxation
4/2
Favorable Report Adopted
Second Reading Passed
4/3
Third Reading Passed (47-0)
Action after passage in House and Senate
4/11
Signed by the Governor Chapter 98

Sponsored by:

Ways & Means Comm., Chairman
Departmental
Assessments & Tax., Department of

Bill indexed under the following Subjects:

AGRICULTURE -see also- FARMLAND
ASSESSMENTS
ASSESSMENTS AND TAXATION, DEPARTMENT OF
DISABILITIES -see also- BLIND; DEAF; DEVELOPMENTAL
ELDERLY PERSONS
FARMLAND
PROPERTY TAX
RULES AND REGULATIONS

Bill affects the following Statutes:

Tax - Property
( 8-209 , 8-209 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal Note (Displayed in PDF Format): Available
Amendments (Displayed in WordPerfect 8 Format):
House
Number: 725363/01 (PDF)     Offered on: March 14, 2006   at: 10:49 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
March 16, 2006: Third Reading Passed (138-0)
Senate
April 3, 2006: Third Reading Passed (47-0)