Amend the bill, as and if amended, page 21, SECTION 28, by striking Section 12-39-220 and inserting:
/ "Section 12-39-220.
If the county auditor assessor
shall at any time discover that any real estate or new
structure, addition, or improvement duly returned and
appraised for taxation, has been omitted from the duplicate, he
shall immediately appraise it and notify the auditor. Upon
receiving notification from the assessor, the auditor shall
charge it on the duplicate with the taxes of the current year
and the simple taxes of each preceding year it may have escaped
taxation subject to the limitations contained in this
section. And if the owner of any real estate or new
structure, addition, or improvement thereon, subject to
taxation, has not returned or reported it for taxation,
according to the requirements of this chapter, and it has not
been appraised for taxation, the auditor
assessor shall, upon discovery thereof, appraise it and,
upon making return of such appraisement,
notification from the assessor, the auditor shall charge
it upon the duplicate, with the taxes of the then current year
and the taxes of each preceding year it may have escaped
taxation, with twenty per cent penalty and
all applicable penalties upon such taxes of preceding years
subject to the limitations contained in this section.
And if any real estate shall have been omitted in any
return, the auditor of the county shall appraise it immediately
for taxation, file such appraisement in his office and charge it
with the taxes of the current year and the simple taxes of
preceding years it may have escaped taxation. The
adjustments determined by the assessor may not extend back more
than three prior years from the year the adjustments are
determined but in no event back to a prior year before the year
the addition on improvement was made. The term 'improvement'
for purposes of this section means a change to any real estate
or structure which betters the value thereof while not
constituting regular maintenance."
/
Renumber sections to conform.
Amend title to conform.