Staff Analysis of the Legislation
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04.18.12 The House Ways and Means committee gave this bill a favorable report with an amendment. The amendment removes retroactivity language.
04.17.12 The House Ways and Means Property Tax subcommittee gave this bill a favorable report as amended. The amendment changes two years to one year.
03.20.12 The House Ways and Means Property Tax subcommittee carried this bill over.
Summary of the bill as introduced: Allows a taxpayer to claim the four percent assessment ratio for two residential properties located in the state so long as the taxpayer is attempting to sell the first residence. |
