Bill Status of HB5455 101st General Assembly
Short Description: PROP TX-OMITTED PROPERTY
Rep. Joe Sosnowski
|Session Sine Die
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Property Tax Code. Provides that, in the case of an erroneous homestead exemption, the chief county assessment officer in a county with fewer than 3,000,000 inhabitants may consider the erroneously exempt portion of the property as omitted property for that taxable year and any of the 3 taxable years immediately prior to the taxable year in which the notice of that discovery is served. Effective immediately.