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2013 SESSION

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Senate Committee on Finance

Chairman: Walter A. Stosch

Clerk: Patty Lung, Cheryl Law
Staff: Nicole Brenner, L. Wallmeyer
Date of Meeting: February 6, 2013
Time and Place: 9:00 a.m. - Senate Room B

H.B. 1522

Patron: Villanueva

Personal property tax; motor vehicles leased by a locality or constitutional officer. Creates a separate classification, for purposes of permitting localities to set a lower personal property tax rate, on motor vehicles leased by a county, city, town, or constitutional officer if the locality or constitutional officer is obligated by the terms of the lease to pay tangible personal property tax on the motor vehicle.

H.B. 1553

Patron: Loupassi

Real property tax assessment; affordable housing. Modifies the special means of assessing the value of affordable rental housing units by permitting a taxpayer who owns certain multiple units and has expenses that are common to two or more units to make a pro rata apportionment of such expenses to each such unit based on each unit's assessed value as a percentage of the total assessed value of all such units. The bill covers the units whether they are in a single tax parcel or multiple tax parcels.

H.B. 1687

Patron: Iaquinto

Real property tax; increases in assessed value for prior years. Reduces the period of time in which the assessed value of real property may be increased for prior years from the three preceding tax years to the preceding tax year.