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