90th General Assembly
Summary of SB0535
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Senate Sponsors:
WALSH,T.

House Sponsors:
TURNER,ART

Short description: 
PROP TX-SANITARY DIST EXEMPT                                               

Synopsis of Bill as introduced:
        Amends the Property Tax Code.  Provides that  property  owned  by      
   metropolitan water reclamation districts in counties with a population      
   greater  than  3,000,000  is  exempt  for  purposes  of  taxing leased      
   property.  Provides that a tax may be levied  upon  a  lessee  of  the      
   district's  property or upon any improvements constructed and owned by      
   individuals or entities different from the district.                        
        SENATE AMENDMENT NO. 1.                                                
        Provides that exempt  property  owned  by  a  metropolitan  water      
   reclamation  district  leased  to an non-exempt entity remains exempt.      
   Provides that property shall be assessed under the Section  concerning      
   leasing of exempt property.                                                 
          FISCAL NOTE, S-AM 1 (Dept. of Revenue)                               
          SB 535, amended by S-am 1 has no direct fiscal impact.               
          STATE MANDATES FISCAL NOTE (DCCA)                                    
          Fails to create a State mandate.                                     
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   1


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