PROP TX-SANITARY DIST EXEMPT
Synopsis of Bill as introduced:
Amends the Property Tax Code. Provides that property owned by
metropolitan water reclamation districts in counties with a population
greater than 3,000,000 is exempt for purposes of taxing leased
property. Provides that a tax may be levied upon a lessee of the
district's property or upon any improvements constructed and owned by
individuals or entities different from the district.
HOUSE AMENDMENT NO. 1.
Provides that exempt property owned by a metropolitan water
reclamation district leased to an non-exempt entity remains exempt.
Provides that property shall be assessed under the Section concerning
leasing of exempt property.
FISCAL NOTE, H-AM 1 (DCCA)
HB 1431, amended by H-am 1, imposes no additional requirements
and does not have a fiscal impact on units of local gov't.
STATE MANDATES FISCAL NOTE, H-AM 1
HB1431, amended by H-am 1, fails to create a State mandate.
Last action on Bill: SESSION SINE DIE
Last action date: 99-01-12
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0
END OF INQUIRY
Full Text Bill Status