PROP TX-ASSESSMENTS
Summary
Amends the Property Tax Code. Provides that, for the purposes of the definition of 33 1/3%, the fair cash value of property is determined by the lesser of: (1) the Department of Revenue's sales ratio studies for the 3 most recent years preceding the assessment year; or (2) the valuation of the property in the year immediately preceding the assessment year (under the current law, the fair cash value is based on the sales ratio studies). Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2014
Committee Review
Floor Vote
Governor
Introduced Feb 14, 2014
Last action Dec 3, 2014
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
0
Committee
4
Dec 3, 2014
House · Failed
Session Sine Die
Mar 28, 2014
House · Referred to committee
Rule 19(a) / Re-referred to Rules Committee
Mar 11, 2014
House · Reported by committee
To Property Tax Subcommittee
Mar 6, 2014
House · Referred to committee
Assigned to Revenue & Finance Committee
Feb 14, 2014
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Michael P. McAuliffe
RRepublican
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