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House Bill 1730


House Bill 1730

ARCHIVE (2005)

Latest Information

 

DIGEST OF INTRODUCED BILL


Property tax assessments. For property tax assessments in years after 2005, reinstates the personal property assessment rule of the department of local government finance originally intended to apply beginning in 2002 and voided effective January 1, 2003. Establishes a deduction that phases in over three years the addition to the assessment rolls of the assessed value resulting from personal property installation and rehabilitation and real property construction and rehabilitation. Provides that the deduction does not apply to inventory, retail property, and new home construction.
Current Status:
 Out of Committee - first House
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