Introduced by Rep. Douglas Geiss (D) on May 27, 2010, to double the amount of extra payment that must be paid by a unit of government that takes a person’s principal residence under eminent domain, if the person buys another house in the same jurisdiction within 180 days. The normal extra homestead payment is the amount the person would have saved on the original home’s property taxes over five years under the Proposal A taxable value assessment cap. The bill would change that to the amount they would have saved over 10 years.
Referred to the House Urban Policy on May 27, 2010.
Reported in the House on June 1, 2010, without amendment and with the recommendation that the bill pass.