2009 House Bill 4456 ↩

House Roll Call 294: Passed

To eliminate the use of occupancy additions and occupancy losses in determining a property's taxable value. The bill is a response to a 2002 Supreme Court ruling (WPW vs. Troy) which held that the Constitutional tax cap put in place by Proposal A in 1994 capped annual increases in the assessments of commercial property whose assessment had previously been lowered because of high vacancy rates (and could not then be increased when occupancy increased). Specifically, The bill limits the use of occupancy additions to property tax assessments prior to Dec. 31, 2001, and limits the use of occupancy losses to prior to Dec. 31, 2009.