Introduced
by
To allow Neighborhood Enterprise Zone benefits to be realized by individuals in the first year an abatement is granted by allowing the abatement to take effect on December 31st (tax day) of the preceding year.
Referred to the Committee on Commerce
Passed in the House 106 to 0 (details)
To require that a residential property tax abatement granted under the Neighborhood Enterprise Zone Act take effect on December 31 in the year immediately preceding the tax year in which the property was occupied, so that the owner of a property not occupied until the year after it is completed receives a credit for the entire year.
Substitute offered
To recommend modifications to language contained in the bill resulting from committee testimony and deliberation, amended to include rehabbed facilities in the structured covered by the bill, not just new ones.
The substitute passed by voice vote
Substitute offered
by
To recommend further modifications to language contained in the bill resulting from committee testimony and deliberation.
The substitute passed by voice vote
Passed in the Senate 33 to 0 (details)
To require that a residential property tax abatement granted under the Neighborhood Enterprise Zone Act take effect on December 31 in the year immediately preceding the tax year in which the property was occupied, so that the owner of a property not occupied until the year after it is completed receives a credit for the entire year.
Passed in the House 103 to 0 (details)
To concur with the Senate-passed version of the bil.
