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Senate Bill 0443


Senate Bill 0443

ARCHIVE (2005)

Latest Information

 

DIGEST OF INTRODUCED BILL


Tax abatement equalization. Provides that tax abatement deductions do not apply for purposes of taxes imposed for fire protection and emergency services. Provides a credit against municipal property taxes to a taxpayer in a municipal taxing district in which the assessed valuation subject to tax abatement is proportionally greater than the average assessed valuation subject to tax abatement in other taxing districts in the county. Imposes an equalization levy in the county to replace the revenue lost due to the credit.
    Current Status:
     In Committee - first House
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