Raised S.B. No. 452
Session Year 2024
 


AN ACT CONCERNING THE PROPERTY TAX APPEALS PROCESS AND THE PENALTY RELATED TO THE SUBMISSION OF INCOME AND EXPENSES INFORMATION FOR RENTAL PROPERTIES.

To (1) remove the ability of boards of assessment appeals to elect not to conduct an appeal for certain types of properties, (2) require assessors to provide certain information before a board of assessment appeals hearing, (3) provide for mediation before a court may hear an appeal of the action of a board of tax review or a board of assessment appeals, (4) increase the valuation threshold for when an appraisal must be filed with the court for an appeal related to the valuation of real property, and (5) replace the existing penalty related to the submission of income and expenses information by rental property owners with a penalty of five hundred dollars.

Introduced by:
Finance, Revenue and Bonding Committee

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Bill History

 Date Action Taken
 4/22/2024(LCO)File Number 600
 4/22/2024Senate Calendar Number 354
 4/22/2024Favorable Report, Tabled for the Calendar, Senate
 4/22/2024(LCO)Reported Out of Legislative Commissioners' Office
 4/15/2024(LCO)Referred to Office of Legislative Research and Office of Fiscal Analysis 04/22/24 12:00 PM
 4/4/2024(LCO)Filed with Legislative Commissioners' Office
 4/3/2024(FIN)Joint Favorable
 3/28/2024Public Hearing 04/01
 3/26/2024Referred to Joint Committee on Finance, Revenue and Bonding

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