SENATE BILL 973

Sponsored By:

Senator Brinkley

Entitled:

Agricultural Limited Liability Entities - Homestead Tax Credit

Synopsis:

Altering definitions under the Homestead Property Tax Credit law to include partners in agricultural limited liability partnerships within the definition of "homeowner" for property tax purposes under specified circumstances; applying the Act to tax years beginning after June 30, 2005; authorizing the State Department of Assessments and Taxation to accept specified applications on or before a specified date; etc.

History by Legislative Date

Senate Action

3/2

First Reading Senate Rules

3/4

Re-referred Budget and Taxation

3/10

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

3/28

Favorable with Amendments Report by Budget and Taxation

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/29

Third Reading Passed (46-0)

4/7

Returned Passed

House Action

3/28

First Reading House Rules and Executive Nominations

4/8

Re-referred Ways and Means

4/9

Favorable Report by Ways and Means

4/6

Favorable Report Adopted

Second Reading Passed

4/7

Third Reading Passed (133-0)

Action after passage in Senate and House

5/10

Signed by the Governor Chapter 345

Bill indexed under the following Subjects:

AGRICULTURE -see also- FARMLAND

ASSESSMENTS AND TAXATION, DEPARTMENT OF

LIMITED LIABILITY COMPANIES

PARTNERSHIPS

PROPERTY TAX

TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statutes:

Tax - Property

( 9-105 , 9-105 )

Documents:

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: 709131/01 (PDF)     Offered on: March 28, 2005   at: 10:08 p.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

Senate

March 29, 2005: Third Reading Passed (46-0)

House

April 7, 2005: Third Reading Passed (133-0)