SB 837

Authorizes, during five assessment years following correction of real market value by Department of Revenue or tribunal, change to real market value indicated by subsequent sale of property.

Status	Chapter Number Assigned
Session	2019 Regular Session
Sponsors	Kathleen Taylor (Democrat) (Chief), Mark Hass (Democrat) (Chief), Brian Boquist (Republican), Lynn Findley (Republican), Diego Hernandez (Democrat), Pam Marsh (Democrat), Barbara Smith Warner (Democrat)
Fiscal impact	Has minimal fiscal impact
Revenue impact	Revenue impact issued

Bill Text

Allows changes to real market value for property tax assessment purposes based on subsequent property sales within five years of a Department of Revenue or tribunal correction.

Original Bill Text

Overview#

Authorizes, during five assessment years following correction of real market value by Department of Revenue or tribunal, change to real market value indicated by subsequent sale of property. Takes effect on 91st day following adjournment sine die.

Legislative History

Date	Chamber	Action
2019-02-26	S	Introduction and first reading. Referred to President's desk.
2019-02-26	S	Referred to Finance and Revenue.
2019-03-07	S	Public Hearing held.
2019-04-02	S	Work Session held.
2019-04-08	S	Recommendation: Do pass.
2019-04-08	S	Second reading.
2019-04-09	S	Third reading. Carried by Taylor. Passed.
2019-04-10	H	First reading. Referred to Speaker's desk.
2019-04-17	H	Referred to Revenue.
2019-05-14	H	Public Hearing held.
2019-05-29	H	Work Session held.
2019-06-03	H	Recommendation: Do pass.
2019-06-03	H	Second reading.
2019-06-04	H	Third reading. Carried by Nathanson. Passed.
2019-06-06	S	President signed.
2019-06-07	H	Speaker signed.
2019-06-13	S	Governor signed.
2019-06-21	S	Chapter 380, 2019 Laws.
2019-06-21	S	Effective Date, September 29, 2019.