Introduced
by
To create the Tax Reverted Clean Title Act program, which would levy a specific tax instead of property taxes on tax-reverted parcels that are exempted from property taxes based on the provisions established in HB 4851, 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 formula. This is part of a legislative package comprised of House Bills 4850 to 4853, 5451, and 5452.
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 96 to 1 (details)
Received
To create the Tax Reverted Clean Title Act program, which would levy a specific tax instead of property taxes on tax-reverted parcels that are exempted from property taxes based on the provisions established in HB 4851, 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 formula. This is part of a legislative package comprised of House Bills 4850 to 4853, 5451, and 5452.
Amendment offered
by
To tie bar the bill to House Bill 6137, which would extend to the land banks proposed by House Bill 5450 the same powers authorized by the various brownfield statutes, which authorize an entity to grant tax incentives and tax recapture plans intended to redevelop contaminated, blighted, and functionally obsolete property.
The amendment passed by voice vote
Passed in the House 97 to 0 (details)
To create the Tax Reverted Clean Title Act program, which would levy a specific tax instead of property taxes on tax-reverted parcels that are exempted from property taxes based on the provisions established in HB 4851, 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 formula. This is part of a legislative package comprised of House Bills 4850 to 4853, 5451, and 5452.
