Reference is to the bill as introduced.
Amend the bill, as and if amended, by deleting all after the enacting words and inserting:
/ SECTION 1. Section 12-43-225(D) of the 1976 Code, as last amended by Act 277 of 2014, is further amended to read:
"(D)(1) For lots
which received the discount provided in subsection (B) on
December 31, 2011, there is granted an
additional year of eligibility for that
discount in all property tax years 2012, 2013, 2014, and
2015 beginning after 2011 and before 2019, in
addition to any remaining period provided for in subsection (B).
If ten or more lots receiving the discount under this item are
sold to a new owner primarily in the business of real estate
development, the new owner may make written application within
sixty days of the date of sale to the assessor for the remaining
eligibility period under this item.
(2)
For lots which received the discount provided in
subsection (C) after December 31, 2008, and before January 1,
2012, upon written application to the assessor no later than
thirty days after mailing of the property tax bill, there is
granted an additional year of
eligibility for that discount in all property tax years
2012, 2013, 2014, and 2015 beginning after
2011 and before 2019. If a lot receiving the additional
eligibility under this item is transferred to a new owner
primarily in the business of residential development or
residential construction during its eligibility period, the new
owner may apply to the county assessor for the discount allowed
by this item for the remaining period of eligibility, which must
be allowed if the new owner applied for the discount within
thirty days of the mailing of the tax bill and meets the other
requirements of this section."
SECTION 2. This act takes effect upon approval by the Governor. /
Renumber sections to conform.
Amend title to conform.