Bill Text | History of Actions | Background | Title |
Description: Ad valorem tax; create 10% cap on increase in assessed value of agricultural property and commercial poultry houses.
Bill Text: [Introduced]
| 1 | 01/31 (H) Referred To Ways and Means | |
| 2 | 02/21 (H) Died In Committee |
| Effective date | January 1, 2008 | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
House Committee:
Principal Author: Eaton
Title: AN ACT TO PROVIDE THAT THE ASSESSED VALUE OF AGRICULTURAL PROPERTY OR PROPERTY USED FOR OR IN ASSOCIATION WITH COMMERCIAL POULTRY HOUSES MAY NOT BE INCREASED MORE THAN 10% ABOVE THE ASSESSED VALUE OF THE PROPERTY FOR THE NEXT PRECEDING YEAR FOR PURPOSES OF AD VALOREM TAXATION; TO GRANT AN EXEMPTION FROM AD VALOREM TAXES IN THE AMOUNT OF THE DIFFERENCE BETWEEN THE ASSESSMENT OF AGRICULTURAL PROPERTY OR PROPERTY USED FOR OR IN ASSOCIATION WITH COMMERCIAL POULTRY HOUSES AT TRUE VALUE AND THE ASSESSMENT SUBJECT TO THE 10% LIMITATION; AND FOR RELATED PURPOSES.
End Of Document
2007/html/History/HB/HB1608.htm