2006 Regular Session

SENATE BILL 685

File Code: Taxes - Property Crossfiled with: HOUSE BILL 1009
Sponsored By:
Senators Klausmeier and Kasemeyer
Entitled:
Property Tax - Credit for Continuing Care Retirement Communities

Synopsis:

Requiring the State and the governing body of each county and of each municipal corporation to grant property tax credits under specified circumstances for continuing care facilities; requiring the State Department of Assessments and Taxation to include the credit on the taxpayer's property tax bill; providing for the method of calculation of the tax credit authorized; and applying the Act to tax years beginning after June 30, 2007.

History by Legislative Date

Senate Action
2/3
First Reading Budget and Taxation
3/1
Hearing 3/16 at 1:00 p.m.
3/16
Hearing cancelled
Hearing 3/20 at 1:00 p.m.
House Action
No Action

Sponsored by:

Senator Katherine Klausmeier, District 8
Senator Edward J. Kasemeyer, District 12

Bill indexed under the following Subjects:

ASSESSMENTS AND TAXATION, DEPARTMENT OF
CONTINUING CARE -see also- LONG TERM CARE; NURSING HOMES
LOCAL GOVERNMENT MANDATES
PROPERTY TAX
RULES AND REGULATIONS
TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statutes:

Article - 70B Department of Aging
( 7 )
Tax - Property
( 9-105 , 9-110 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal Note (Displayed in PDF Format): Available
Amendments: None offered