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House Bill 1318

House Bill 1318

ARCHIVE (2006)

Latest Information

DIGEST OF HB1318 (Updated February 2, 2006 5:23 pm - DI 84)

Property tax abatement. Allows a designating body to grant a property tax abatement deduction to the owner of a building that is located in an economic revitalization area and has been vacant for at least one year, if the owner or a tenant of the owner occupies the building and uses the building for commercial or industrial purposes. Provides that the deduction may not be allowed for more than five years.
Current Status:
In Committee - 2nd House
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