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1998 SESSION

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HB 1425 Property tax exemption for erosion control improvements.

Introduced by: Paul C. Harris | all patrons    ...    notes | add to my profiles

SUMMARY:

Property tax exemption for erosion control improvements. Authorizes local governments to partially exempt from taxation real estate that has been improved with bulkheads or other structural improvements installed to control erosion, and is used primarily for the purpose of abating or preventing pollution. The exemption shall not exceed (i) all or a portion of the increase in the assessed value of the real property resulting from the placement of the structural improvements or (ii) 50 percent of the cost of such improvements.


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