Amendment
Bill No. 0002D
Amendment No. 538503
CHAMBER ACTION
Senate House
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1Representative(s) Domino offered the following:
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3     Amendment to Senate Amendment (583214) (with schedule,
4ballot, and title amendments)
5     On page 7, line 12, to page 8, line 26,
6remove:  all of said lines,
7
8and insert:  
9     (f)  Pursuant to general law and subject to conditions
10specified therein, increases in assessments of real property
11used for commercial purposes may be limited to the greater of
12five percent or the average annual percentage growth in revenues
13derived from the property over the preceding three years.
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S C H E D U L E  A M E N D M E N T
18     On page 12, line(s) 17-31,
19remove:  all of said lines,
20
21and insert:  
22following such general election. The amendment to Section 4 of
23Article VII creating subsection (f) of that section, creating a
24limitation on annual assessment increases for commercial real
25property, shall take effect upon approval of the electors and
26shall first limit assessments beginning January 1, 2009, if
27approved at a special election held on January 29, 2008, or
28shall first limit assessments beginning January 1, 2010, if
29approved at the general election held in November of 2008.
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B A L L O T  A M E N D M E N T
35     On page 14, lines 6-14,
36remove:  all of said line,
37
38and insert:
39     (4)  Limits increases in assessments of real property used
40for commercial purposes to the greater of 5 percent or the
41average annual percentage growth in revenues derived from the
42property over the preceding 3 years.
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T I T L E  A M E N D M E N T
46     On page 15, line(s) 19,
47remove:  all of said line,
48
49and insert:  commercial real property, to increase the


CODING: Words stricken are deletions; words underlined are additions.