RESIDENTIAL DEVELOPMENT TAX
Summary
Amends the Property Tax Code to create the Residential Development Tax Law. Imposes a tax of $5,000 on the privilege of constructing new residential housing in the State. Sets forth procedures for the collection of the tax. Provides that the proceeds of the tax must be deposited into the School Construction and Maintenance Fund. Provides that the tax is not imposed if any unit of local government imposes a fee or tax for the construction of the residential housing unit. Effective July 1, 2006.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2006
Committee Review
Floor Vote
Governor
Introduced Feb 24, 2006
Last action Jan 9, 2007
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
5
Key actions
0
Committee
1
Jan 9, 2007
Senate · Failed
Session Sine Die
Feb 24, 2006
Senate · Referred to committee
Referred to Rules
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Martin A. Sandoval
DDemocratic
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