Introduced
by
To establish that the “specific tax” levied on parcels owned by a government “land bank” authority instead of regular property taxes are subject to all the same rules that apply to delinquent property tax payments, including interest, penalties, foreclosures, etc. The difference between this tax and regular property tax is that the land bank gets to keep half the money (except the part that goes for schools).
Referred to the Committee on Tax Policy
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 108 to 0 (details)
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 37 to 0 (details)
To establish that the “specific tax” levied on parcels owned by a government “land bank” authority instead of regular property taxes are subject to all the same rules that apply to delinquent property tax payments, including interest, penalties, foreclosures, etc. The difference between this tax and regular property tax is that the land bank gets to keep half the money (except the part that goes for schools).
