Introduced
by
To create the Tax Reverted Clean Title Act program, which would levy a specific tax instead of property taxes on tax-reverted properties a participating local unit of government had sold, with 50 percent of the tax revenue to be used by the local unit of government for the purpose of clearing titles on tax reverted properties or repaying loans made by the state for use in clearing titles, and the remaining 50 percent of revenue to be disbursed under the current property tax format. This bill would exempt locally designated tax reverted property from the collection of property taxes. This is part of a legislative package comprised of House Bills 4850 to 4853, 5450, and 5451.
Referred to the Committee on Land Use and Environment
Substitute offered
To replace the previous version of the bill with a version recommended by the committee which reported it. The substitute incorporates technical changes resulting from committee testimony and deliberation. These changes do not affect the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the House 101 to 1 (details)
To create the Tax Reverted Clean Title Act program, which would levy a specific tax instead of property taxes on tax-reverted properties a participating local unit of government had sold, with 50 percent of the tax revenue to be used by the local unit of government for the purpose of clearing titles on tax reverted properties or repaying loans made by the state for use in clearing titles, and the remaining 50 percent of revenue to be disbursed under the current property tax format. This bill would exempt locally designated tax reverted property from the collection of property taxes. This is part of a legislative package comprised of House Bills 4850 to 4853, 5450, and 5451.
