HB1561
Classification of land and improvements for tax purposes; localities.
Summary
As Introduced. Classification of land and improvements for tax purposes; localities.
Reclassifies improvements to real property as a separate class of real property and authorizes any locality to impose a real property tax on improvements to real property at a tax rate that is different than the rate applied to the land on which such improvements are located. Such rate may ... (More) exceed, equal, or be less than the tax imposed upon the land on which the improvements are located. (Less)-
Bill History
- 12/14/2024 - House: Prefiled and ordered printed; Offered 01-08-2025 25100558D
- 12/14/2024 - House: Referred to Committee on Finance
- 01/11/2025 - House: Impact statement from TAX (HB1561)
- 01/17/2025 - House: Assigned Finance sub: Subcommittee #1
- 01/17/2025 - House: Placed on Finance Agenda
- 01/20/2025 - House: Subcommittee recommends laying on the table (5-Y 3-N)
- 02/04/2025 - House: Left in Finance
