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2003 SESSION
SJ 311 Constitutional amendment(1st resolution); assessment of real property.
Introduced by: W. Roscoe Reynolds | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Constitutional amendment (first resolution); assessment of real property. Provides that beginning with the 2006 tax year, real property shall be assessed for tax purposes at no more than 105 percent of the assessed value of such property in the preceding tax year. However, if real property is sold or improved, it shall be assessed at fair market value for the tax year in which such transaction or improvement occurs. Such fair market value assessment shall then be subject to the five percent limitation in subsequent tax years until such time as the property is again sold or improved.
FULL TEXT
- 01/08/03 Senate: Presented & ordered printed, prefiled 01/06/03 034044524 pdf
- 01/22/03 Senate: Committee substitute printed 039067524-S1 pdf
- 01/27/03 Senate: Floor substitute printed 039083524-S2 (Newman) pdf
HISTORY
- 01/08/03 Senate: Presented & ordered printed, prefiled 01/06/03 034044524
- 01/08/03 Senate: Referred to Committee on Privileges and Elections
- 01/14/03 Senate: Assigned to P. & E. sub-committee: 2
- 01/21/03 Senate: Reported from P. & E. with substitute (12-Y 3-N)
- 01/22/03 Senate: Committee substitute printed 039067524-S1
- 01/24/03 Senate: Passed by for the day
- 01/27/03 Senate: Passed by for the day
- 01/27/03 Senate: Floor substitute printed 039083524-S2 (Newman)
- 01/28/03 Senate: Passed by for the day
- 01/29/03 Senate: Read second time
- 01/29/03 Senate: Reading of substitute waived
- 01/29/03 Senate: Committee substitute rejected 039067524-S1
- 01/29/03 Senate: Reading of substitute waived
- 01/29/03 Senate: Substitute by Sen. Newman agreed to 039083524-S2
- 01/29/03 Senate: Motion to rerefer to committee agreed to 039083524-S2
- 01/29/03 Senate: Rereferred to Finance
- 01/30/03 Senate: Passed by indefinitely in Finance (12-Y 2-N)