SB 0408 | Allows partial abatement of real property taxes for certain purposes |
Sponsor: | Dougherty | |||
LR Number: | 1588L.01I | Fiscal Note: | 1588-01 | |
Committee: | Local Government and Economic Development | |||
Last Action: | 02/20/01 - Hearing Conducted S Local Government & Economic | Journal page: | ||
Development Committee | ||||
Title: | ||||
Effective Date: | August 28, 2001 | |||
SB 408 - This act will allow any county, any municipality and the city of St. Louis to provide for an abatement of a portion of real property tax liability for certain facilities involved in lead abatement projects.
The lead abatement project must be for a child-occupied
facility or dwelling and must be certified by the Department of
Health. The tax abatement will only be given against that
portion of the real property tax liability which is not allocated
to schools or the Blind Pension Fund.
TOM MORTON