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1999 SESSION

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SJ 510 Constitutional amendment; exemption from real property taxation.

Introduced by: John S. Edwards | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Constitutional amendment (first resolution); exemption from local real property taxation. Amends the Constitution to provide that the General Assembly may by general law authorize the governing body of any county, city, town, or regional government to provide a partial exemption from local real property taxation for real estate located in designated conservation, redevelopment or rehabilitation districts upon which there has been new construction. Such authority currently exists for real estate whose improvements, by virtue of age and use, have undergone substantial renovation, rehabilitation or replacement.

FULL TEXT

• 01/21/99  Senate: Presented & ordered printed 996929468  pdf

HISTORY

• 01/21/99  Senate: Presented & ordered printed 996929468
• 01/21/99  Senate: Referred to Committee on Privileges and Elections
• 02/04/99  Senate: Passed by for the day in P. & E. (15-Y 0-N)