Session 120 (2013-2014)
Bill Number H 4944 - Amendment number 2
Considered 05-JUN-14

Current Amendment: 4944C001.BBM.HTC14.docx to Bill 4944     Senator HUTTO proposed the following amendment (BBM\4944C001.BBM.HTC14):
    Amend the bill, as and if amended, by striking Section 12-43-225(D), as contained in SECTION 1, and inserting:

/     (D)(1)     For lots which received the discount provided in subsection (B) on December 31, 2011, there is granted an additional three years year of eligibility for that discount in property tax years 2012, 2013, and 2014, and 2015, 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 three years year of eligibility for that discount in property tax years 2012, 2013, and 2014, and 2015. 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. /
    Renumber sections to conform.
    Amend title to conform.