2019 Senate Bill 39

Clarify "big box" store property taxation

Introduced in the Senate

Jan. 16, 2019

Introduced by Sen. Ed McBroom (R-38)

To revise the standards by which property tax valuations of vacant “big box” stores are assessed. The bill would revise standards so that owners who have reportedly “gamed” the system by placing deed restrictions on closed stores that lower their market value (and tax assessment) could no longer do so.

Referred to the Committee on Finance