CHAPTER NUMBER: 457
File Code: Taxes - Property
Crossfiled with: HOUSE BILL 235
- Sponsored By:
-
Senators Kramer, Brinkley, Currie, DeGrange, Forehand,
Garagiola, Gladden, Hogan, Jones, Kasemeyer, Lawlah, McFadden, Munson,
and Ruben
- Entitled:
-
Property Tax - Valuation -
Low Income Housing Tax Credit Projects
Creating a subclass of real property for property tax assessment
purposes; requiring a supervisor valuing commercial real property to
consider the impact of rent restrictions, affordability requirements,
or related restrictions required by provisions of federal law and
federal, state, or local programs; prohibiting a supervisor valuing
commercial real property from considering federal income tax credits
as income attributable to the commercial real property; etc.
Senate Action
- 1/17
- First Reading Budget and Taxation
- 1/20
- Hearing 1/26 at 1:30 p.m.
- 2/7
- Favorable with Amendments Report by Budget and Taxation
- 2/8
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 2/10
- Third Reading Passed (46-0)
- 4/5
- Returned Passed
House Action
- 2/11
- First Reading Ways and Means
- 3/30
- 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 (134-0)
Action after passage in Senate and House
- 5/26
- Signed by the Governor Chapter 457
Sponsored by:
- Senator Rona E. Kramer, District 14
- Senator David R. Brinkley, District 4
- Senator Ulysses Currie, District 25
- Senator James E. DeGrange, Sr., District 32
- Senator Jennie M. Forehand, District 17
- Senator Rob Garagiola, District 15
- Senator Lisa A. Gladden, District 41
- Senator Patrick J. Hogan, District 39
- Senator Verna L. Jones, District 44
- Senator Edward J. Kasemeyer, District 12
- Senator Gloria Lawlah, District 26
- Senator Nathaniel J. McFadden, District 45
- Senator Donald F. Munson, District 2
- Senator Ida G. Ruben, District 20
Bill indexed under the following Subjects:
- ASSESSMENTS
- HOUSING -see also- APARTMENTS; CONDOMINIUMS; MOBILE HOMES
- INCOME TAX
- PROPERTY TAX
- REAL PROPERTY
- TAX CREDITS -see also- CIRCUIT BREAKER
Bill affects the following Statutes:
- Tax - Property
- (
8-101 ,
8-101 ,
8-105
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal Note (Displayed in PDF Format):
Available
- Amendments (Displayed in WordPerfect 8 Format):
Senate
- Number: 569139/01 (PDF) Offered on: February 8, 2005 at:
10:39 a.m. Status: Adopted
- Roll Call Votes (Legislative dates are shown):
Senate
- February 10, 2005: Third Reading Passed (46-0)
House
- April 2, 2005: Third Reading Passed (134-0)