CS/HB 1259: Property Tax Exemption and Assessment Limitation on Long-term Leased Property
GENERAL BILL by Ways & Means Committee ; Busatta ; (CO-INTRODUCERS) Chamberlin
Property Tax Exemption and Assessment Limitation on Long-term Leased Property; Provides that property that receives certain tax exemption shall be assessed in specified manner; requires property that no longer meets eligibility requirements to be assessed in alternative manner; requires submission of application containing specified information before receiving specified tax exemption; provides specified tax exemptions to property that meets certain eligibility requirements.
Effective Date: on the effective date of the amendment to the State Constitution proposed by HJR 1257 or a similar joint resolution having substantially the same specific intent and purpose
Last Action: 4/2/2025 House - Now in Commerce Committee
Bill Text: PDF
Last Action: 4/2/2025 House - Now in Commerce Committee
Bill Text: PDF
Bill History
Date | Chamber | Action |
---|---|---|
2/26/2025 | House |
• Filed |
3/4/2025 | House |
• 1st Reading (Original Filed Version) |
3/5/2025 | House |
• Referred to Ways & Means Committee • Referred to Housing, Agriculture & Tourism Subcommittee • Referred to Commerce Committee • Now in Ways & Means Committee |
3/25/2025 | House |
• Added to Ways & Means Committee agenda |
3/27/2025 | House |
• Favorable with CS by Ways & Means Committee • Reported out of Ways & Means Committee • Laid on Table under Rule 7.18(a) • CS Filed |
3/28/2025 | House |
• Referred to Housing, Agriculture & Tourism Subcommittee • Referred to Commerce Committee • Now in Housing, Agriculture & Tourism Subcommittee • 1st Reading (Committee Substitute 1) • Added to Housing, Agriculture & Tourism Subcommittee agenda |
4/1/2025 | House |
• Favorable by Housing, Agriculture & Tourism Subcommittee |
4/2/2025 | House |
• Reported out of Housing, Agriculture & Tourism Subcommittee • Now in Commerce Committee |