Substitute for Raised S.B. No. 478
Session Year 2022
 


AN ACT CONCERNING PROPERTY ASSESSMENT APPEALS AND HOMEOWNERSHIP INCENTIVE TRACTS, ESTABLISHING TAX CREDIT VOUCHER PROGRAMS TO INCENTIVIZE COMMERCIAL LEASES AND RESIDENTIAL CONVERSIONS AND AUTHORIZING THE CAPITAL REGION DEVELOPMENT AUTHORITY TO SOLICIT INVESTMENT FUNDS.

To (1) require the filing of an appraisal for certain property assessment appeals and prohibit contingency fee agreements for assessment appeals, (2) enlarge the eligible area for a homeownership incentive program and revise the provisions of such program, (3) establish a tax credit voucher program to incentivize new or expanded leases of commercial office space, (4) establish a tax credit voucher program for the conversion of certain commercial office buildings to mixed-use or residential buildings, and (5) authorize the Capital Region Development Authority to solicit investment funds.

Introduced by:
Finance, Revenue and Bonding Committee

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Bill History

 Date Action Taken
 4/25/2022(LCO)File Number 619
 4/25/2022Senate Calendar Number 447
 4/25/2022Favorable Report, Tabled for the Calendar, Senate
 4/25/2022(LCO)Reported Out of Legislative Commissioners' Office
 4/18/2022(LCO)Referred to Office of Legislative Research and Office of Fiscal Analysis 04/25/22 12:00 PM
 4/7/2022(LCO)Filed with Legislative Commissioners' Office
 4/6/2022(FIN)Joint Favorable Substitute
 3/28/2022Public Hearing 03/30
 3/25/2022Referred to Joint Committee on Finance, Revenue and Bonding

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