01.24.12 The Senate Finance committee gave this bill a favorable report as amended. The amendment removes retroactive language and states that transfers between grandchildren and grandparents do not result in an assessable transfer of interest.
01.17.12 The Senate Finance Property Taxation subcommittee gave this bill a favorable report with an amendment. The amendment removes retroactivity language.
02.15.11 The Senate Finance Property Taxation subcommittee carried this bill over.
Summary of the bill as introduced: Allows the owner-occupant of residential property to qualify for the four percent assessment ratio if the owners is otherwise qualified and the residence is not rented for more than 90 days a year.

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