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House Bill 1249

House Bill 1249

ARCHIVE (2009)

Latest Information


Treatment of unsold homes as inventory. Provides that single family residential property (other than land) is considered inventory and is therefore not subject to property taxation if the property: (1) is held by the builder on the assessment date in the ordinary course of the builder's trade or business; and (2) has never been occupied for any purpose.
Current Status:
In Committee - first House
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