SB 776 Eliminates a provision regarding how leases of commercial property at airports are assessed for property tax purposes
Sponsor: Kraus
LR Number: 5771S.01I Fiscal Note available
Committee: Ways and Means and Fiscal Oversight
Last Action: 3/22/2012 - Hearing Conducted S Ways and Means and Fiscal Oversight Committee Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2012

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Current Bill Summary


SB 776 - This act eliminates a provision of law that allows taxpayers leasing commercial property at certain publicly-owned airports to decrease the value of the lease for real estate property tax assessment purposes by the cost of any new construction or improvements to the property.

EMILY KALMER