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Legislation


2007 Regular Session

SENATE BILL 962

File Code: Taxes - Property Crossfiled with: HOUSE BILL 1386
Sponsored By:
Senator Brinkley
Entitled:
Agricultural Ownership Entities - Homestead Tax Credit

Synopsis:

Altering definitions under the Homestead Property Tax Credit law to include shareholders in a family corporation, as defined, and partners in general partnerships within the definition of "homeowner" for purposes of the credit under specified circumstances; applying the Act to tax years beginning after June 30, 2007; authorizing the State Department of Assessments and Taxation to accept specified applications for the credit on or before September 30, 2007; etc.

History by Legislative and Calendar Date

Senate Action
2/28
First Reading Senate Rules
3/2
Re-referred Budget and Taxation
Hearing 3/21 at 1:00 p.m.
3/22
Favorable Report by Budget and Taxation
3/23
Favorable Report Adopted
Second Reading Passed
3/24
Third Reading Passed (45-1)
4/2
Returned Passed
House Action
3/22
First Reading Ways and Means
3/28
Hearing 4/5 at 1:00 p.m.
4/6
Favorable Report by Ways and Means
4/1
Favorable Report Adopted
Second Reading Passed
4/2
Third Reading Passed (137-0)
Action after passage in Senate and House
4/24
Approved by the Governor
- Chapter 208

Bill indexed under the following Subjects:

Agriculture -see also- Farmland
Assessments and Taxation, Department of
Corporations -see also- Municipal Corps; Public Corps & Inst
Farmland
Partnerships
Property Tax
Real Property
Tax Credits -see also- Circuit Breaker

Bill affects the following Statutes:

Tax - Property
( 9-105 , 9-105 , 9-105 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments: None offered
Roll Call Votes (Legislative dates are shown):
Senate
March 24, 2007: Third Reading Passed (45-1)
House
April 2, 2007: Third Reading Passed (137-0)
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