Assessment rates; notification for increase. (SB1063)
Introduced By
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Real estate tax; limitation on tax rate. Provides that a county, city, or town may not set its real property tax for any tax year at a rate that would produce more than 105 percent of the previous year's total real property tax levies for such county, city, or town. Under current law, (i) the annual growth rate in a locality's total real estate taxes from an annual assessment, biennial assessment or general reassessment is not capped, provided the locality holds a public hearing in regard to its real property tax rate; and (ii) there is no cap on real property tax rates. Read the Bill »
Status
04/10/2007: signed by governor
History
Date | Action |
---|---|
01/09/2007 | Prefiled and ordered printed; offered 01/10/07 072140804 |
01/09/2007 | Referred to Committee on Finance |
01/17/2007 | Impact statement from TAX (SB1063) |
01/31/2007 | Committee substitute printed 071687804-S1 |
02/01/2007 | Constitutional reading dispensed (39-Y 0-N) |
02/01/2007 | VOTE: (39-Y 0-N) (see vote tally) |
02/02/2007 | Read second time |
02/02/2007 | Reading of substitute waived |
02/02/2007 | Committee substitute agreed to 071687804-S1 |
02/02/2007 | Engrossed by Senate - committee substitute SB1063S1 |
02/05/2007 | Read third time and passed Senate (39-Y 0-N) |
02/05/2007 | VOTE: (39-Y 0-N) (see vote tally) |
02/05/2007 | Communicated to House |
02/06/2007 | Impact statement from TAX (SB1063S1) |
02/06/2007 | Placed on Calendar |
02/06/2007 | Read first time |
02/06/2007 | Referred to Committee on Finance |
02/12/2007 | Reported from Finance (17-Y 1-N) (see vote tally) |
02/13/2007 | Read second time |
02/14/2007 | Read third time |
02/14/2007 | Passed House (92-Y 4-N) |
02/20/2007 | Enrolled |
02/20/2007 | Bill text as passed Senate and House (SB1063ER) |
02/21/2007 | Signed by Speaker |
02/22/2007 | Signed by President |
02/26/2007 | Impact statement from TAX (SB1063ER) |
03/26/2007 | Governor's recommendation received by Senate |
04/03/2007 | Placed on Calendar |
04/04/2007 | Reenrolled |
04/04/2007 | Signed by President as reenrolled |
04/04/2007 | Signed by Speaker as reenrolled |
04/04/2007 | Enacted, Chapter (effective 7/1/07) |
04/04/2007 | House rejected Governor's recommendation (35-Y 63-N) |
04/04/2007 | VOTE: ADOPTION (35-Y 63-N) (see vote tally) |
04/04/2007 | Communicated to Governor |
04/10/2007 | G Approved by Governor-Chapter 948 (effective 7/1/07) |
04/12/2007 | G Acts of Assembly Chapter text (CHAP0948) |