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• Introduced by Rep. Jud Gilbert (R) on May 10, 2012, to eliminate a cap on the maximum amount that tax assessors can raise the assessment of rental property due to a higher occupancy rate, if the assessment had been previously lowered as a result of a lower occupancy rate. A 2002 Supreme Court ruling (WPW vs. Troy) held that raising these assessments faster than inflation violates the Constitutional tax cap put in place by Proposal A in 1994, which limits assessment increases to five percent or the rate of inflation, whichever is less.
  • Referred to the House Tax Policy Committee on May 10, 2012.
    • Reported in the House on May 16, 2012, without amendment and with the recommendation that the bill pass.