Introduced by Sen. Michael Green R-Mayville on November 9, 2011
To establish that if a person donates a "conservation easement" on a parcel of land in his or her will, the heirs would not be subject to the Proposal A “pop-up,” in which the state equalized value (SEV, meaning market value) of transferred property becomes the basis for the new owner's property tax assessment, rather than the capped “taxable value” of the previous owner. Official Text and Analysis.
Referred to the Senate Finance Committee on November 9, 2011
Reported in the Senate on September 13, 2012
With the recommendation that the bill pass.
Substitute offered in the Senate on November 29, 2012
The substitute passed by voice vote in the Senate on November 29, 2012