Staff Analysis of the Legislation
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03.13.12 The Senate Finance Property Tax subcommittee carried this bill over. 02.28.12 The Senate Finance Property Tax subcommittee carried this bill over. Summary of the bill as introduced: Exempts from property taxes the value of improvements of a newly constructed condominium, townhouse or cottage through the earlier of the property tax year in which the improvement is occupied or the property tax year ending the third December 31 after the improvement is complete. |