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1999 SESSION
SB 776 Real estate tax assessments; new construction.
Introduced by: Warren E. Barry | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Real estate tax assessments; new construction. Authorizes any county operating under the urban county executive form of government to provide by ordinance that new buildings shall be assessed when substantially completed or fit for use and occupancy. Real estate taxes on the newly constructed buildings shall be prorated based on the number of days in the tax year that the building is completed. Penalties for nonpayment of tax on new construction completed after November 1 shall not be imposed until the later of December 5 or 30 days after completion. Currently, any locality may elect to assess new buildings if completion occurs prior to November 1, and if it is completed after that date, the new construction is not assessed until the following January 1.
FULL TEXT
- 01/13/99 Senate: Presented & ordered printed 996482607 pdf
- 03/02/99 Senate: Bill text as passed Senate and House (SB776ER) pdf
- 04/08/99 Governor: Acts of Assembly Chapter text (CHAP0760) pdf
HISTORY
- 01/13/99 Senate: Presented & ordered printed 996482607
- 01/13/99 Senate: Referred to Committee on Finance
- 01/27/99 Senate: Reported from Finance (13-Y 0-N)
- 01/28/99 Senate: Constitutional reading dispensed (40-Y 0-N)
- 01/28/99 Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
- 01/29/99 Senate: Read second time and engrossed
- 02/01/99 Senate: Read third time and passed Senate (40-Y 0-N)
- 02/01/99 Senate: VOTE: PASSAGE R (40-Y 0-N)
- 02/01/99 Senate: Communicated to House
- 02/03/99 House: Placed on Calendar
- 02/04/99 House: Read first time
- 02/04/99 House: Referred to Committee on Finance
- 02/08/99 House: Assigned to Finance sub-committee: 2
- 02/18/99 House: Reported from Finance (15-Y 9-N)
- 02/19/99 House: Read second time
- 02/22/99 House: Read third time
- 02/22/99 House: Passed House (88-Y 9-N)
- 02/22/99 House: VOTE: PASSAGE (88-Y 9-N)
- 03/02/99 Senate: Bill text as passed Senate and House (SB776ER)
- 03/03/99 Senate: Enrolled
- 03/03/99 Senate: Signed by President
- 03/05/99 House: Signed by Speaker
- 03/28/99 Governor: Approved by Governor-Chapter 760 (effective 7/1/99)
- 04/08/99 Governor: Acts of Assembly Chapter text (CHAP0760)