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2020 SESSION
HB 1564 Impact fees; residential development.
Introduced by: Mark L. Cole (by request) | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Impact fees; residential development. Authorizes any locality to impose impact fees on certain residential developments in order to defray the costs of constructing public facilities necessitated by those developments. Under current law, such impact fees may be imposed only by those localities that have established urban transportation service districts. The amount of the impact fee shall not exceed five percent of the sales price of the residential property, five percent of the assessed value of the property in the event that the property is transferred without a sale, or $10,000, whichever is less.
FULL TEXT
HISTORY
- 01/13/20 House: Presented and ordered printed 20104890D
- 01/13/20 House: Referred to Committee on Counties, Cities and Towns
- 01/21/20 House: Assigned CC & T sub: Land Use
- 02/11/20 House: Left in Counties, Cities and Towns