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2001 SESSION
SB 855 Local real estate taxes.
Introduced by: Walter A. Stosch | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Local real estate taxes. Provides that real estate that is otherwise exempt from local taxes shall be subject to such taxes only if such real estate is a source of substantial net income. Net income is determined using generally accepted accounting principles, including the cost of depreciation and other expenses relating to the operation and maintenance of such real estate.
FULL TEXT
HISTORY
- 01/10/01 Senate: Presented & ordered printed, prefiled 12/20/00 013121540
- 01/10/01 Senate: Referred to Committee on Finance
- 01/16/01 Senate: Reported from Finance (15-Y 0-N)
- 01/17/01 Senate: Constitutional reading dispensed (39-Y 0-N)
- 01/17/01 Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
- 01/19/01 Senate: Read second time and engrossed
- 01/22/01 Senate: Read third time and passed Senate (39-Y 0-N)
- 01/22/01 Senate: VOTE: PASSAGE R (39-Y 0-N)
- 01/22/01 Senate: Communicated to House
- 02/06/01 House: Placed on Calendar
- 02/06/01 House: Read first time
- 02/06/01 House: Referred to Committee on Finance
- 02/13/01 House: Tabled in Finance (20-Y 3-N)