2017 Regular Session
|At the request of:|
|Chief Sponsors:||Representative Smith G|
|Bill Title:||Relating to abatement of additional taxes upon termination of lease; and prescribing an effective date.|
Provides that additional taxes upon disqualification from certain special assessment programs may not be imposed on land if, at time of disqualification, such land is public property that was leased or rented to taxable owner and reason for disqualification is termination of lease under which land was assessed.
Defines "the time of disqualification" to mean date on which lease was terminated. Applies to property tax years beginning on or after July 1, 2017. Takes effect on 91st day following adjournment sine die.
|Chapter Number:||Chapter 275|
|Fiscal Impact:||Has Minimal Fiscal Impact|
|Revenue Impact:||Revenue Impact Issued|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||Chapter Number Assigned|