SENATE BILL 916

Sponsored By:

Senator Astle

Entitled:

Property Tax and Transfer and Recordation Taxes - Land Trusts - Credits and Exemptions

Synopsis:

Altering requirements for specified conservation land to qualify for a tax credit against the State and local property tax; and altering requirements for exemptions from recordation and transfer taxes for instruments of writing conveying specified interests in property to land trusts.

History by Legislative Date

Senate Action

3/5

First Reading Senate Rules

3/11

Re-referred Budget and Taxation

3/17

Hearing 3/31 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

Bill indexed under the following Subjects:

AGRICULTURE -see also- FARMLAND

CONSERVATION -see also- SOIL CONSERVATION

COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES

EASEMENTS

EXEMPTIONS

FARMLAND

NATURAL RESOURCES, DEPARTMENT OF

NONPROFIT ORGANIZATIONS

PROPERTY TAX

REAL PROPERTY

RECORDATION

REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.

TAX CREDITS -see also- CIRCUIT BREAKER

TRANSFER TAX

Bill affects the following Statutes:

Tax - Property

( 9-107 , 9-220 , 12-108 , 13-207 , 13-410 )

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)