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2008 SESSION

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HB 1045 Real estate tax; exemptions and deferrals for certain residential or farm property.

Introduced by: Vivian E. Watts | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Real property tax exemptions and deferrals for certain residential or farm property.  Authorizes local governing bodies to exempt, partially exempt, or defer the taxation of real property of up to 20 percent of the fair market value of up to one acre of real property that is residential or farm property designed for continuous habitation and occupied as the primary dwelling of the individual owners. The maximum amount of the exemption must be the same for all such properties within the locality, and the maximum dollar amount of the exemption shall not exceed 20 percent of the median price for such properties within the locality. The bill is contingent on passage of a constitutional amendment authorizing the exemption.

FULL TEXT

• 01/09/08  House: Prefiled and ordered printed; offered 01/09/08 087650784  pdf | impact statement

HISTORY

• 01/09/08  House: Prefiled and ordered printed; offered 01/09/08 087650784
• 01/09/08  House: Referred to Committee on Privileges and Elections
• 01/15/08  House: Assigned P & E sub: Constitutional
• 02/12/08  House: Left in Privileges and Elections