Staff Analysis of the Legislation
|
01.31.2017 The Senate Finance Committee gave this bill a favorable report as amended. The amendments strike the phrase 'need to reapply' and adds assisted living facilities. 01.24.2017 The Senate Finance Property Taxation subcommittee gave this bill a favorable report as amended. The amendment only makes a technical change. Summary of the bill as introduced: Allows an owner living in a nursing home to retain the 4 percent property tax assessment ratio as long as the owner plans to return to the property, does not have a living spouse and does not receive rental income from the property. |