91st General Assembly
Summary of HB0521
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Short description: 
PROP TX-IMPROVEMENT VALUATIONS                                             

Synopsis of Bill as introduced:
        Amends  the  Property  Tax  Code.   Provides  that   a   property      
   assessment  and  pro-rata  valuation  shall  include the proportionate      
   value of new or added improvements from the date that the  improvement      
   was inhabitable and fit for occupancy or for intended customary use as      
   identified  in  the building permit (now from the date the improvement      
   was substantially completed). Amends the State Mandates Act to require      
   implementation without reimbursement.                                       
        HOUSE AMENDMENT NO. 1.                                                 
        Deletes the amendatory provision referencing the  occupancy  date      
   identified in the building permit.                                          
          FISCAL NOTE (Dept. of Revenue)                                       
          HB521 is of local concern and creates no State fiscal impact.        
        SENATE AMENDMENT NO. 1.                                                
        Changes a Section cross-reference for the application of certain       
Last action on Bill: PUBLIC ACT.............................. 91-0486

   Last action date: 99-08-13

           Location: House

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


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