HB 2316
Caps total amount of assessments and reassessments for local improvements to three percent of real market value of local improvement to which assessments and reassessments relate.
| Status | In House Committee (HREV) |
| Session | 2019 Regular Session |
| Sponsors | Greg Barreto (Republican) (Chief), Mike Nearman (Republican) |
| Fiscal impact | May have fiscal impact, but no statement yet issued |
| Revenue impact | May have revenue impact, but no statement yet issued |
Bill Text
Caps total assessments and reassessments for local improvements at three percent of real market value and establishes refund and escheat provisions.
Sponsors#
Chief Sponsors: Greg Barreto
Co-Sponsors: Mike Nearman
Overview#
Caps total amount of assessments and reassessments for local improvements to three percent of real market value of local improvement to which assessments and reassessments relate. Provides that refunds unclaimed for one year after issuance escheat to state. Provides that assessments and reassessments that remain unexpended and unobligated eight years after date of assessment or reassessment must be refunded to owner of benefited property, and, if unclaimed for one year, escheat to state.
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2019-01-14 | H | First reading. Referred to Speaker's desk. |
| 2019-01-18 | H | Referred to Revenue. |
| 2019-06-30 | H | In committee upon adjournment. |