Bill Status of SB0694 93rd General Assembly
Short Description: PROP TAX-DEVELOPMENT-EXEMPTION
Sen. Larry D. Woolard
| 1/11/2005||Senate||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Property Tax Code. Provides that, beginning in taxable year 2003, all property of regional economic development corporations that is used exclusively for the charitable and public purpose of creating, facilitating, and encouraging economic development is exempt from property taxation. Defines "economic development corporation" as a not-for-profit corporation that receives more than 75% of its funding from taxing districts. Effective immediately.
|Date||Chamber|| Action|| 2/19/2003||Senate||Filed with Secretary by Sen. Larry D. Woolard|| 2/19/2003||Senate||First Reading|| 2/19/2003||Senate||Referred to Rules|| 2/26/2003||Senate||Assigned to Revenue|| 3/6/2003||Senate||Held in Revenue|| 3/13/2003||Senate||Postponed - Revenue|| 3/14/2003||Senate||Rule 3-9(a) / Re-referred to Rules|| 1/11/2005||Senate||Session Sine Die|