Bill Status of HB3899 93rd General Assembly
Short Description: PROP TAX-CATASTROPHE EXEMPTION
Rep. Calvin L. Giles
| 1/11/2005||House||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Property Tax Code. In provisions that authorize a partial exemption from property taxes for homestead properties that have been improved and residential structures on homestead property that have been rebuilt following a catastrophic event, changes the limit to $75,000 per year for that homestead property beginning January 1, 2004 and thereafter (now, $45,000 per year). Provides that the exemption shall continue until the homestead property is sold or otherwise transferred (now, for 4 years from the date the improvement or rebuilding is completed and occupied, or until the next following general assessment of that property, whichever is later). Effective immediately.
|Date||Chamber|| Action|| 11/6/2003||House||Filed with the Clerk by Rep. Calvin L. Giles|| 11/6/2003||House||First Reading|| 11/6/2003||House||Referred to Rules Committee|| 1/11/2005||House||Session Sine Die|