Eminent domain; redefines lost profits. (SB911)

Introduced By

Sen. Amanda Chase (R-Midlothian)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Eminent domain; lost profits. The bill redefines lost profits for the purposes of calculating an award in an eminent domain proceeding as a loss of business profits from a business or farm operation for a period not to exceed three years from the date of valuation, regardless of the amount of property that is taken. Under current law, lost profits are calculated for a period not to exceed three years from the date of valuation if there is a partial taking of property and for a period not to exceed one year from the date of valuation if the entire parcel of property is taken. This bill was incorporated into SB 809. Read the Bill »

Status

01/29/2018: Incorporated into Another Bill

History

DateAction
01/19/2018Presented and ordered printed 18104948D
01/19/2018Referred to Committee for Courts of Justice
01/29/2018Incorporated by Courts of Justice (SB809-Petersen) (15-Y 0-N) (see vote tally)