Reps. HUGGINS, MERRILL propose the following Amendment No. 1 to H. 3713 (COUNCIL\BBM\10139HTC11):

Reference is to the bill as introduced.

Amend the bill, as and if amended, page 3, by striking SECTION 4 and inserting:

/ SECTION      4.      This act takes effect upon approval by the Governor and applies to real property transfers after December 31, 2010. Property tax assessors shall conform the values of parcels of real property which underwent an assessable transfer of interest in 2011 before the effective date of this act, to the fair market value of these parcels as that value may have been adjusted to reflect the provisions of Section 12-37-3135 of the 1976 Code, as added by this act. /

Renumber sections to conform.
Amend title to conform.