2011 House Bill 4666 ↩

House Roll Call 191: Passed

To allow the owner of property that formerly was subject to a development rights agreement, which grants tax breaks in return for not developing the land, but was later withdrawn from the agreement, to repay the lien that is placed against the property as a result at a rate that is discounted by 15 percent from the face value, if it is paid between March 31 and Sept. 30, 2011; or 10 percent if paid between Oct. 1, 2011 to March 31, 2012. The lien is generally in the amount of the tax break granted during the past seven years, plus interest. The bill would also impose interest on liens placed on property withdrawn from an agreement that is entered after Jan. 1, 2012.