SENATE BILL 110

Sponsored By:

Chairman, Budget and Taxation Committee (By Request - Departmental - Assessments and Taxation)

Entitled:

Property Tax - Constant Yield Tax Rate - Amendment

Synopsis:

Altering the deadline for the Department of Assessments and Taxation to amend a constant yield tax rate; and authorizing the Department to amend a constant yield tax rate to reflect a significant loss of taxable base, as determined by the Director of the Department of Assessments and Taxation.

History by Legislative Date

Senate Action

1/23

First Reading Budget and Taxation

Motion Rules Suspended (Senator Green) Adopted (47-0)

Referred Budget and Taxation

1/24

Hearing 2/5 at 1:30 p.m.

2/10

Favorable Report by Budget and Taxation

2/11

Favorable

Special Order 2/12 (Senator Della) Adopted

2/12

Favorable Report Adopted

Second Reading Passed

2/14

Third Reading Passed (46-0)

4/3

Returned Passed

4/8

Signed by the Governor Chapter 11

House Action

2/18

First Reading Ways and Means

3/19

Hearing 3/27 at 1:00 p.m.

4/3

Favorable Report by Ways and Means

3/30

Favorable Report Adopted

Second Reading Passed

3/31

Third Reading Passed (140-0)

Sponsored by:

Chairman, Budget & Tax. Comm.

Departmental

Bill indexed under the following Subjects:

ASSESSMENTS AND TAXATION, DEPARTMENT OF

PROPERTY TAX

Bill affects the following Statute:

Tax - Property

( 2-205 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered

Roll Call Votes (Legislative dates are shown):

Senate

January 23, 2003: Motion Rules Suspended Referred (Green) Adopted (47-0)

February 14, 2003: Third Reading Passed (46-0)

House

March 31, 2003: Third Reading Passed (140-0)