Residential rental properties; appeal of real property assessments, fair market value. (HB1073)
Introduced By
Progress
✓ |
Introduced |
✗ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Assessment of residential rental properties. Establishes criteria by which an assessor shall determine fair market value for real estate used in whole or in part as residential rental property as defined by ordinance or the locality. Criteria include actual gross income generated, losses due to vacancies, collection losses, and rent concessions as well as actual operating expenses and expenditures. Evidence as to fair market value presented by the property owner shall be considered by the real estate assessor in his property assessment. Read the Bill »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
01/11/2012 | Committee |
01/11/2012 | Prefiled and ordered printed with emergency clause; offered 01/11/12 12103412D |
01/11/2012 | Referred to Committee on Finance |
01/20/2012 | Assigned Finance sub: #1 |
01/21/2012 | Impact statement from TAX (HB1073) |
02/06/2012 | Subcommittee recommends laying on the table |
02/08/2012 | Reported from Finance with substitute (22-Y 0-N) (see vote tally) |
02/08/2012 | Committee substitute printed 12105130D-H1 |
02/10/2012 | Read first time |
02/13/2012 | Read second time |
02/13/2012 | Committee substitute agreed to 12105130D-H1 |
02/13/2012 | Engrossed by House - committee substitute HB1073H1 |
02/14/2012 | Read third time and passed House (100-Y 0-N) |
02/14/2012 | VOTE: PASSAGE EMERGENCY (100-Y 0-N) (see vote tally) |
02/15/2012 | Constitutional reading dispensed |
02/15/2012 | Referred to Committee on Finance |
02/20/2012 | Impact statement from TAX (HB1073H1) |
02/29/2012 | Reported from Finance (14-Y 0-N) (see vote tally) |
03/01/2012 | Constitutional reading dispensed (39-Y 0-N) (see vote tally) |
03/02/2012 | Read third time |
03/02/2012 | Passed Senate (39-Y 0-N) (see vote tally) |
03/08/2012 | Enrolled |
03/08/2012 | Bill text as passed House and Senate (HB1073ER) |
03/08/2012 | Impact statement from TAX (HB1073ER) |
03/08/2012 | Signed by Speaker |
03/09/2012 | Signed by President |
04/04/2012 | G Approved by Governor-Chapter 536 (effective 4/4/12) |
04/04/2012 | G Acts of Assembly Chapter text (CHAP0536) |