Bill Text | History of Actions | Background | Title |
Description: Ad valorem tax; authorize partial exemption for agricultural land that is converted to a residential use.
Bill Text: [Introduced]
| 1 | 02/07 (H) Referred To Ways and Means | |
| 2 | 02/16 (H) Title Suff Do Pass | |
| 3 | 02/21 (H) Read the Third Time | |
| 4 | 02/22 (H) Died On Calendar |
| Effective date | Passage | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
House Committee:
Principal Author: Zuber
Additional Authors: Watson, Robinson (84th)
Title: AN ACT TO AUTHORIZE THE BOARD OF SUPERVISORS OF A COUNTY AND/OR THE GOVERNING AUTHORITIES OF A MUNICIPALITY TO GRANT A PARTIAL AD VALOREM TAX EXEMPTION FOR AGRICULTURAL PROPERTY THAT IS BEING CONVERTED TO A RESIDENTIAL USE IN AN AMOUNT EQUAL TO THE DIFFERENCE BETWEEN THE ASSESSED VALUE OF THE PROPERTY FOR AGRICULTURAL USE AND THE ASSESSED VALUE OF THE PROPERTY FOR RESIDENTIAL USE; TO PROVIDE THAT THE EXEMPTION SHALL END WHEN THE PROPERTY IS OCCUPIED BY A HOMEOWNER; TO PROVIDE THE MANNER IN WHICH A REQUEST FOR SUCH EXEMPTION MUST BE MADE; AND FOR RELATED PURPOSES.
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2006/html/History/HB/HB1538.htm