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1999 SESSION

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HB 1679 Property tax exemptions; control by localities.

Introduced by: William J. Howell | all patrons    ...    notes | add to my profiles | history

SUMMARY AS ENACTED WITH GOVERNOR'S RECOMMENDATION:

Property tax exemptions; control by localities. Authorizes local governments to grant property tax exemptions under Article X, Section 6 (a)(6) of the Constitution, beginning on January 1, 2000. The locality must make certain findings before passing the ordinance granting the tax exemption. Exemptions will expire after four years unless renewed by the locality. Currently, the General Assembly must approve this type of tax exemption. This measure will become effective only if reenacted by the 2000 Session of the General Assembly.

SUMMARY AS PASSED:

Property tax exemptions; control by localities. Authorizes local governments to grant property tax exemptions under Article X, Section 6 (a)(6) of the Constitution, beginning on January 1, 2000. The locality must make certain findings before passing the ordinance granting the tax exemption. Exemptions will expire after four years unless renewed by the locality. Currently, the General Assembly must approve this type of tax exemption.

SUMMARY AS PASSED HOUSE:

Property tax exemptions; control by localities. Provides that, beginning on January 1, 2000, local governing bodies shall determine by ordinance whether or not an organization’s property is to be classified as tax exempt. The locality must also make certain findings before passing the ordinance granting the tax exemption. Exemptions will expire after four years unless renewed by the locality. The passage of this legislation requires an affirmative vote of three-fourths of the members elected to each house of the General Assembly. Currently, the General Assembly must approve this type of tax exemption.

SUMMARY AS INTRODUCED:

Property tax exemptions; control by localities. Provides that, beginning on January 1, 2000, local governing bodies shall determine by ordinance whether or not an organization’s property is to be classified as tax exempt. The locality must also make certain findings before passing the ordinance granting the tax exemption. Exemptions are subject to renewal triennially. The passage of this legislation requires an affirmative vote of three-fourths of the members elected to each house of the General Assembly. Currently, the General Assembly must approve this type of tax exemption.