SENATE BILL 480

Sponsored By:

Senators Dyson and Munson

Entitled:

Property Tax - Assessment of Conservation Property

Synopsis:

Altering the valuation and assessment for property tax purposes of specified property subject to specified perpetual conservation easements under specified circumstances; providing for a new subclass of real property for assessment purposes; and providing for the application of the Act to taxable years beginning after June 30, 2004.

History by Legislative Date

Senate Action

2/6

First Reading Budget and Taxation

3/10

Hearing 3/24 at 1:00 p.m.

4/9

Favorable Report by Budget and Taxation

4/7

Favorable Report Adopted

Second Reading Passed

4/8

Third Reading Passed (47-0)

House Action

4/6

First Reading House Rules and Executive Nominations

4/10

Re-referred Ways and Means

Sponsored by:

Senator Roy P. Dyson, District 29

Senator Donald F. Munson, District 2

Bill indexed under the following Subjects:

ASSESSMENTS

CONSERVATION -see also- SOIL CONSERVATION

COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES

EASEMENTS

MUNICIPAL CORPORATIONS -see also- ANNAP; BALT; HAGER; OC

PROPERTY TAX

REAL PROPERTY

TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statutes:

Tax - Property

( 8-101 , 8-209.1 , 9-107 )

Documents:

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

Fiscal Note: Available (PDF)

Amendments: None offered

Roll Call Vote (Legislative date is shown):

Senate

April 8, 2004: Third Reading Passed (47-0)