To authorize and establish procedures for converting property taxes levied on a condominium-style resort community that is organized as a corporation into a levy on the individual “shareholders” (who "lease" the lots but own the dwellings), on a pro-rated basis. House Bill 4669 would authorize the transition, and this bill would make it exempt from property-transfer tax consequences.
38 Yeas / 0 Nays | |
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Democrat (12 Yeas / 0 Nays) | |
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