PROP TX-PTEL-NEW PROPERTY
Synopsis of Bill as introduced:
Amends the Property Tax Extension Limitation Law in the Property
Tax Code. Provides that any increase in assessed value resulting from
the loss of the Senior Citizens Homestead Exemption or the Senior
Citizens Assessment Freeze Homestead Exemption shall be included in
determining "new property". Effective January 1, 1998.
STATE MANDATES FISCAL NOTE
In the opinion of DCCA, HB1427 fails to create a State mandate
under the State Mandates Act.
FISCAL NOTE (Dept. of Revenue)
There will be no fiscal impact on this Dept.
HOME RULE NOTE
HB 1427 does not afffect home rule powers and functions, nor
does it preempt home rule.
Last action on Bill: SESSION SINE DIE
Last action date: 99-01-12
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status