Introduced
by
To revise a provision restricting property tax assessment increases on construction that replaces parts of a structure damaged by accident or an Act of God. The bill would prohibit an assessment hike as long as the construction is of substantially the same materials and square footage. This restriction would also apply to improvements that do increase property value but are undertake to meet current health, sanitary, zoning, safety, fire, or buiding code requirements.
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 revise a provision restricting property tax assessment increases on construction that replaces parts of a structure damaged by accident or an act of God, so that no assessment increase would be imposed as long as the construction is of substantially the same materials and square footage. This cap would also apply to value-increasing improvements required to meet current health, sanitary, zoning, safety, fire, or construction codes and ordinances.
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 82 to 27 (details)
To revise a provision restricting property tax assessment increases on construction that replaces parts of a structure damaged by accident or an act of God, so that no assessment increase would be imposed as long as the construction is of substantially the same materials and square footage. This cap would also apply to value-increasing improvements required to meet current health, sanitary, zoning, safety, fire, or construction codes and ordinances.
Passed in the Senate 38 to 0 (details)
