Introduced
by
To establish an audit process to ensure that property owners do not claim homestead property tax exemptions on more than one property, and give local governments greater authority to seek out improper exemptions. The bill would establish a process whereby local governments and the Department of Treasury would cooperate in the audit process. Counties which elect to participate would be entitled to a share of any previously unpaid taxes a local government collects on non-homestead properties which are found to have been taxed at the lower homestead rate.
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.
Substitute offered
To replace the previous version of the bill with one containing changes in the procedures by which local governments and the Department of Treasury would cooperate to find improper homestead exemptions, and the formula by which they would divide additional revenue. These changes address concerns regarding the legality of provisions in the original version of the bill allowing counties to keep ten-percent of any previously unpaid taxes.
The substitute passed by voice vote
Passed in the Senate 36 to 0 (details)
To establish an audit process to ensure that property owners do not claim homestead property tax exemptions on more than one property, and give local governments greater authority to seek out improper exemptions. The bill would establish a process whereby local governments and the Department of Treasury would cooperate in the audit process. Local governments which elect to participate would be entitled to a share of any previously unpaid taxes a local government collects on non-homestead properties which are found to have been taxed at the lower homestead rate. The bill would also make the filing deadline for a principal residence exemption December 31 of the previous year, rather than the current May 1 of the year for which the exemption is claimed.
Referred to the Committee on Tax Policy
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Amendment offered
by
To clarify a proposed provision in assessment notices relating to whether an individual has purchased a home "after December 31 last year." The amendment would change this to simply say "this year".
The amendment failed by voice vote
Amendment offered
by
To clarify that taxes owed by the previous seller of a house cannot become a lien on the new owner.
The amendment failed by voice vote
Substitute offered
by
To replace the previous version of the bill with one containing further revisions in the procedures by which local governments and the Department of Treasury would cooperate to find improper homestead exemptions, and the formula by which they would divide additional revenue.
The substitute passed by voice vote
Passed in the House 105 to 0 (details)
To establish an audit process to ensure that property owners do not claim homestead property tax exemptions on more than one property, and give local governments greater authority to seek out improper exemptions. The bill would establish a process whereby local governments and the Department of Treasury would cooperate in the audit process. Local governments which elect to participate would be entitled to a share of any previously unpaid taxes a local government collects on non-homestead properties which are found to have been taxed at the lower homestead rate. The bill would also make the filing deadline for a principal residence exemption December 31 of the previous year, rather than the current May 1 of the year for which the exemption is claimed.
Passed in the Senate 37 to 0 (details)
To concur with the House-passed version of the bill.
