Staff Analysis of the Legislation
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02.22.11 The Senate Finance committee gave this bill a favorable report with an amendment.The amendment sunsets the three year extension of the discount.
02.15.11 The Senate Finance Property Taxation subcommittee gave this bill a favorable report with an amendment. As soon as the amendment is available, it will be posted.
Summary of the bill as introduced: Allows an assessor to determine a reasonable time to sell platted lots is nine years and if the application for the discounted rate comes after May 1 but before June 1 the owner shall receive the discounted rate. The bill also extends multiple lot discounts from five years to seven years. |
