SENATE BILL 652

Sponsored By:

Senators Robey, King, and Peters

Entitled:

Property Tax - Valuation of Income Producing Property

Synopsis:

Prohibiting a supervisor of assessments from considering income earned by a tenant under a lease less than 99 years that is not perpetually renewable when using an income method to value income producing real property for property tax purposes; etc.

History by Legislative and Calendar Date

Senate Action

2/1

First Reading Budget and Taxation

2/27

Hearing 3/13 at 3:30 p.m.

3/6

Hearing cancelled

Hearing 3/13 at 1:00 p.m.

3/12

Hearing cancelled

3/17

Hearing 3/18 at 2:00 p.m.

3/18

Hearing cancelled

3/19

Withdrawn

House Action

No Action

Sponsored by:

Senator James N. Robey, District 13

Senator Nancy J. King, District 39

Senator Douglas J. J. Peters, District 23

Bill indexed under the following Subjects:

Appraisals

Assessments

Landlord and Tenant -see also- Eviction; Leases & Rent; etc.

Property Tax

Real Property

Bill affects the following Statute:

Tax - Property

( 8-105 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal and Policy Note (Displayed in PDF Format): Available

Amendments: None offered