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Senate Bill 0387


Senate Bill 0387

ARCHIVE (2012)

Latest Information

 

DIGEST OF INTRODUCED BILL


Property tax reduction for timely payments. Provides a property tax credit to a real property owner that consistently pays real property taxes in a timely manner for the same property. Provides a credit for one year of 10% after five years of ownership and timely payments, 15% after ten years, and 20% after 20 years. Specifies that 2013 is the first year that may be used toward the consecutive year requirement.
    Current Status:
     In Committee - first House
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