History of Actions | Background | Title |
Description: Roll-back taxes on agricultural property converted to another use.
| 1 | 01/14/99 | (S) | Referred To Finance | |
| 2 | 02/24/99 | (S) | Died In Committee |
| Effective date | July 1, 1999 | |
| Disposition | Dead | |
| Deadline | Revenue/Appropriation | |
| Revenue | Yes | |
| 3/5ths vote required | Yes |
Senate Committee:
Principal Author: Hall
Additional Authors: Horhn, Harden
Title: AN ACT TO PROVIDE THAT IF ANY LAND USED FOR AGRICULTURAL PURPOSES IS CONVERTED TO ANOTHER USE, THE TAX ASSESSOR SHALL COMPUTE THE AMOUNT SAVED BY THE DIFFERENCE BETWEEN ITS USE VALUE FOR AGRICULTURAL PURPOSES AND ITS TRUE VALUE FOR THE USE TO WHICH IT IS CONVERTED FOR A CERTAIN NUMBER OF YEARS PRECEDING THE CONVERSION; TO PROVIDE THAT THE AMOUNT SO COMPUTED BY THE TAX ASSESSOR SHALL BE LEVIED AND COLLECTED ON THE FIRST YEAR SUBSEQUENT TO THE CONVERSION IN USE IN THE SAME MANNER AS ARE OTHER AD VALOREM TAXES; AND FOR RELATED PURPOSES.
End Of Document
1999\html\History/SB\SB2613.htm