House Sponsors: WAIT. Short description: PROP TAX-FARMLAND-LOWER PENLTY Synopsis of Bill as introduced: Amends the Property Tax Code. Provides that, for taxable years 2001 and thereafter, with some exceptions, property assessed as farmland upon which an installment of taxes remains unpaid on the due date shall be deemed delinquent and shall bear interest after that date at the rate of 1/2% per month or portion thereof for a period of 5 years, after which time the rate of interest shall be 1 1/2% per month or portion thereof until paid or forfeited (now, 1 1/2% per month for all property not otherwise excepted). Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status