90th General Assembly Summary of HB0045    [ Home ]   [ Back ]   [ Legislation ]

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House Sponsors:
DART-CAPPARELLI-LYONS,JOSEPH-FANTIN-PHELPS, 
   BOLAND, CURRY,JULIE, GIGLIO AND DAVIS,MONIQUE.

Senate Sponsors:
O'MALLEY-HENDON-VIVERITO

Short description: 
PROP TAX HOMESTEAD IMPROVEMENT                                             

Synopsis of Bill as introduced:
        Amends the Property Tax Code to increase  the  maximum  homestead      
   improvement exemption to $45,000 beginning January 1, 1998. Amends the      
   State   Mandates   Act   to   exempt  this  amendatory  Act  from  the      
   reimbursement  requirements  of  the  State  Mandates  Act.  Effective      
   immediately.                                                                
          STATE MANDATES FISCAL NOTE                                           
          In the opinion of DCCA, HB45 creates a tax exemption mandate         
          for which 100% reimbursement is normally required; however, the      
          State Mandates Act is amended to provide an exemption from re-       
          imbursement liability.                                               
          FISCAL NOTE (Dept. of Revenue)                                       
          HB 45 has no direct fiscal impact to the Dept. of Revenue.           
 
Last action on Bill: PUBLIC ACT.............................. 90-0186

   Last action date: 97-07-24

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 


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