90th General Assembly
Summary of HB0572
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House Sponsors:
CURRIE-SMITH,MICHAEL-HOLBROOK-BOLAND.

Senate Sponsors:
O'MALLEY-HENDON

Short description: 
PROP TX-CERTIFICATE OF ERROR                                               

Synopsis of Bill as introduced:
        Amends the Property Tax  Code.   Provides  that  certificates  of      
   error allowing homestead exemptions for the Senior Citizens Tax Freeze      
   Homestead  Exemption  not  previously allowed shall be given effect by      
   the county treasurer and the treasurer  shall  issue  refunds  to  the      
   taxpayer  upon  receipt  of  a  certificate  from the county assessor.      
   Allows the county treasurer to mark  the  tax  books  to  reflect  the      
   issuance of a homestead certificate of error issued to and including 3      
   years  after  the  date on which the annual judgment and order of sale      
   for that tax year was first entered (now 2 years after the  first  day      
   of  January  of  the  year  after  the  year  for  which the homestead      
   exemption should have been allowed). States that the  time  limitation      
   for  certificates  of error shall not apply to certificates correcting      
   an assessment to  $1  on  a  parcel  that  a  subdivision  or  planned      
   development  has  acquired by adverse possession if (i) during the tax      
   year  for  which  the  certificate  is  executed  the  subdivision  or      
   development used the parcel as common area and  (ii)  the  application      
   for the certificate is made before December 31, 1997. Amends the State      
   Mandates Act. Requires implementation without reimbursement. Effective      
   immediately.                                                                
          FISCAL NOTE (Dept. of Revenue)                                       
          HB 572 has no fiscal impact on this Dept.                            
          STATE MANDATES FISCAL NOTE                                           
          HB572 creates a tax exemption mandate which requires 100%            
          reimbursement; however, the bill amends the State Mandates           
          Act to require implementation without reimbursement.                 
 
Last action on Bill: PUBLIC ACT.............................. 90-0288

   Last action date: 97-08-01

           Location: House

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


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