Introduced
by
To replace the $3-per-month flat-rate specific tax on mobile homes with new tax levied in the same manner as property taxes on real property. The new tax would phase in over several years. After 2010 the local property tax millage rate would be assessed against 25 percent of the mobile home’s fair market value. Property taxes on real property are assessed at 50 percent of fair market value.
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the substitute (S-2) be adopted and that the bill then pass.
