Legislature(2001 - 2002)
2002-04-08 Senate JournalFull Journal pdf
2002-04-08 Senate Journal Page 2657 SB 4 The Finance Committee considered SENATE BILL NO. 4 "An Act relating to a mandatory exemption from municipal property taxes for certain residences and to an optional exemption from municipal taxes for residential property; and providing for an effective date" and recommended it be replaced with CS FOR SENATE BILL NO. 4(2d FIN) "An Act relating to optional exemptions from municipal property taxes on residential property and limiting an optional exclusion or exemption to the assessed value of $10,000 for a residence in a municipality with a total bonded indebtedness that equals or exceeds $15,000 multiplied by the number of residents in the municipality; and providing for an effective date." Signing do pass: Senator Kelly, Cochair, Senators Wilken, Austerman. Signing do not pass: Senator Donley, Cochair. Signing no recommendation: Senators Leman, Ward. The following fiscal information was published today: Fiscal Note No. 4, Department of Revenue The bill was referred to the Rules Committee.