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House Bill 1058


House Bill 1058

ARCHIVE (2006)

Latest Information

 

DIGEST OF INTRODUCED BILL


Property tax abatements. Removes the 2009 expiration of the property tax abatement for the creation or retention of jobs resulting from the development, redevelopment, or rehabilitation of real property or the purchase of personal property. Provides that, for an increase in assessed value of more than $1,000,000, the abatement is provided over five years. (Current law provides that the abatement is provided over three years regardless of the increase in assessed value.)
Current Status:
 In Committee - first House
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