HB 641 Roll-back taxes.
Samuel A. Nixon, Jr. | all patrons    ...    notes
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Roll-back taxes. Provides that the rezoning of real estate enrolled in a land use program to an industrial use will not trigger liability for roll-back taxes if the rezoning is requested by the local governing body. The property's eligibility for land use taxation will not be affected if the owner or his agent concurs in the governing body's rezoning request. Currently, the rezoning of real estate to a more intensive use triggers liability for roll-back taxes, and disqualifies the property from land use taxation, if the change in zoning is requested by the owner or his agent.

Full text:
01/19/96  House: Presented & ordered printed 963021700  pdf

01/19/96  House: Presented & ordered printed 963021700
01/19/96  House: Referred to Committee on Finance
01/24/96  House: Assigned to Finance sub-committee: 1
02/09/96  House: Passed by indefinitely in Finance (16-Y 5-N)