Introduced House Bill (H)

Authored by

DIGEST

Assessment of outdoor advertising signs. Eliminates the expiration date of the law specifying the assessed values of outdoor signs. Provides that, beginning with the 2018 assessment date, the assessed values of outdoor signs specified in the statute shall be adjusted on a quadrennial basis by an amount equal to the average of the annual percentage changes in the Core Personal Consumption Expenditures Price Index using the four most recent calendar years for which data is available. Provides that the adjustment may not exceed 3%. Assessment of outdoor advertising signs. Eliminates the expiration date of the law specifying the assessed values of outdoor signs. Provides that, beginning with the 2018 assessment date, the assessed values of outdoor signs specified in the statute shall be adjusted on a quadrennial basis by an amount equal to the average of the annual percentage changes in the Core Personal Consumption Expenditures Price Index using the four most recent calendar years for which data is available. Provides that the adjustment may not exceed 3%.