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House Bill 1603


House Bill 1603

ARCHIVE (2007)

Latest Information

 

DIGEST OF INTRODUCED BILL


Fees for new construction. Imposes an interim property fee on a newly constructed homestead as of the time the homestead is complete and before it is subject to property tax. Distributes revenue from the interim property fee in the manner that property taxes are distributed, but reduces property tax levies by the amount of the fees. Imposes an education impact fee on newly constructed homesteads and newly constructed multifamily residential buildings to be paid by the purchaser at the time of transfer of title. Requires deposit of impact fee revenue in the school capital projects fund.
Current Status:
 In Committee - first House
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