92nd General Assembly
Summary of HB1017
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House Sponsors:
WAIT.

Short description: 
PROP TAX-FARMLAND-LOWER PENLTY                                             

Synopsis of Bill as introduced:
        Amends the Property Tax Code.  Provides that, for  taxable  years      
   2001  and  thereafter,  with  some  exceptions,  property  assessed as      
   farmland upon which an installment of taxes remains unpaid on the  due      
   date  shall  be  deemed  delinquent and shall bear interest after that      
   date at the rate of 1/2% per month or portion thereof for a period  of      
   5  years,  after  which  time the rate of interest shall be 1 1/2% per      
   month or portion thereof until paid or  forfeited  (now,  1  1/2%  per      
   month   for   all   property   not   otherwise  excepted).   Effective      
   immediately.                                                                
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

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


   END OF INQUIRY 



 Full Text  Bill Status