Introduced
by
To authorize and establish procedures for converting property taxes levied on a condominium-style resort community that is organized as a corporation into a levy on the individual “shareholders” (who "lease" the lots but own the dwellings), on a pro-rated basis. House Bill 4669 would authorize the transition, and this bill would make it exempt from property-transfer tax consequences.
Referred to the Committee on Tax Policy
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered
The substitute passed by voice vote
Passed in the House 105 to 0 (details)
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 38 to 0 (details)
To authorize and establish procedures for converting property taxes levied on a condominium-style resort community that is organized as a corporation into a levy on the individual “shareholders” (who "lease" the lots but own the dwellings), on a pro-rated basis. House Bill 4669 would authorize the transition, and this bill would make it exempt from property-transfer tax consequences.
