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2024 SESSION
(HB568)GOVERNOR'S RECOMMENDATION
1. After line 255, enrolled
insert
3. That the Department of Taxation (the Department) shall study (i) exemptions to the state recordation tax and the effect of such exemptions on state government revenues and (ii) exemptions to real and personal property tax by classification or designation prior to and on July 1, 1971, and the effect of such exemptions on local government revenues. The Department shall submit a report to the Chairs of House Committee on Finance and the Senate Committee on Finance and Appropriations by November 1, 2024.
4. That the provisions of the first and second enactments of this act shall not become effective unless reenacted by the 2025 Session of the General Assembly.