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2005 Regular Session bill information current as of December 15, 2005 - 10:48 p.m.
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SENATE BILL 67

CHAPTER NUMBER: 457
File Code: Taxes - Property
Crossfiled with: HOUSE BILL 235

Sponsored By:
Senators Kramer, Brinkley, Currie, DeGrange, Forehand, Garagiola, Gladden, Hogan, Jones, Kasemeyer, Lawlah, McFadden, Munson, and Ruben

Entitled:
Property Tax - Valuation - Low Income Housing Tax Credit Projects

Synopsis:

Creating a subclass of real property for property tax assessment purposes; requiring a supervisor valuing commercial real property to consider the impact of rent restrictions, affordability requirements, or related restrictions required by provisions of federal law and federal, state, or local programs; prohibiting a supervisor valuing commercial real property from considering federal income tax credits as income attributable to the commercial real property; etc.

History by Legislative Date

Senate Action
1/17
First Reading Budget and Taxation
1/20
Hearing 1/26 at 1:30 p.m.
2/7
Favorable with Amendments Report by Budget and Taxation
2/8
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
2/10
Third Reading Passed (46-0)
4/5
Returned Passed
House Action
2/11
First Reading Ways and Means
3/30
Hearing 4/5 at 1:00 p.m.
4/6
Favorable Report by Ways and Means
4/1
Favorable Report Adopted
Second Reading Passed
4/2
Third Reading Passed (134-0)
Action after passage in Senate and House
5/26
Signed by the Governor Chapter 457

Sponsored by:

Senator Rona E. Kramer, District 14
Senator David R. Brinkley, District 4
Senator Ulysses Currie, District 25
Senator James E. DeGrange, Sr., District 32
Senator Jennie M. Forehand, District 17
Senator Rob Garagiola, District 15
Senator Lisa A. Gladden, District 41
Senator Patrick J. Hogan, District 39
Senator Verna L. Jones, District 44
Senator Edward J. Kasemeyer, District 12
Senator Gloria Lawlah, District 26
Senator Nathaniel J. McFadden, District 45
Senator Donald F. Munson, District 2
Senator Ida G. Ruben, District 20

Bill indexed under the following Subjects:

ASSESSMENTS
HOUSING -see also- APARTMENTS; CONDOMINIUMS; MOBILE HOMES
INCOME TAX
PROPERTY TAX
REAL PROPERTY
TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statutes:

Tax - Property
( 8-101 , 8-101 , 8-105 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments (Displayed in WordPerfect 8 Format):
Senate
Number: 569139/01 (WordPerfect / PDF)     Offered on: February 8, 2005   at: 10:39 a.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):
Senate
February 10, 2005: Third Reading Passed (46-0)
House
April 2, 2005: Third Reading Passed (134-0)


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