Substitute for Raised H.B. No. 5510
Session Year 2014
 


AN ACT PROVIDING A LIMITED PROPERTY TAX EXEMPTION FOR HOMES UNDER CONSTRUCTION.

To exempt certain homes under construction from property tax assessment until one year after a building permit is issued, a certificate of occupancy is issued or the home is sold, whichever is later.

Introduced by:
Planning and Development Committee

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Bill History

 Date Action Taken
 4/3/2014(LCO)File Number 357
 4/3/2014House Calendar Number 219
 4/3/2014Favorable Report, Tabled for the Calendar, House
 4/3/2014(LCO)Reported Out of Legislative Commissioners' Office
 3/28/2014(LCO)Referred to Office of Legislative Research and Office of Fiscal Analysis 04/02/14 5:00 PM
 3/21/2014(LCO)Filed with Legislative Commissioners' Office
 3/21/2014(PD)Joint Favorable Substitute
 3/7/2014Public Hearing 03/14
 3/5/2014Referred to Joint Committee on Planning and Development

Co-sponsors of HB-5510

Rep. Noreen S. Kokoruda, 101st Dist.
Rep. Thomas A. Vicino, 35th Dist.

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