HB 2452

For purposes of eligibility of property for homestead property tax deferral program, creates floor of $250,000 for maximum allowable real market value of homestead.

Status	In Senate Committee (SFR)
Session	2019 Regular Session
Sponsors	Lynn Findley (Republican) (Chief), E. Werner Reschke (Republican), Cedric Hayden (Republican)
Fiscal impact	Fiscal impact issued
Revenue impact	Revenue impact issued

Bill Text

Creates a $250,000 floor for maximum allowable real market value in the homestead property tax deferral program and extends the program’s sunset.

Original Bill Text

Sponsors#

Chief Sponsors: Lynn Findley

Overview#

For purposes of eligibility of property for homestead property tax deferral program, creates floor of $250,000 for maximum allowable real market value of homestead. Directs Department of Revenue to adjust maximum allowable real market value floor annually according to change in Consumer Price Index. Allows claim for deferral to be filed late, with payment of fee. Modifies procedure for allowing claims for deferral in excess of maximum allowable for property tax year. Extends sunset for deferral program. Takes effect on 91st day following adjournment sine die.

Legislative History

Date	Chamber	Action
2019-01-14	H	First reading. Referred to Speaker's desk.
2019-01-18	H	Referred to Revenue.
2019-02-20	H	Public Hearing held.
2019-03-14	H	Work Session held.
2019-05-08	H	Work Session held.
2019-05-13	H	Recommendation: Do pass with amendments and be printed A-Engrossed.
2019-05-14	H	Second reading.
2019-05-15	H	Third reading. Carried by Findley. Passed.
2019-05-16	S	First reading. Referred to President's desk.
2019-05-17	S	Referred to Finance and Revenue.
2019-06-30	S	In committee upon adjournment.