Brian Buchanan
- Republican
- Senator
- District 7
Author
Reinstates a property tax deduction for the rehabilitation of residential property that occurs after December 31, 2020. (Current law limits this deduction to residential rehabilitation occurring before January 2, 2017.) Provides that after December 31, 2020, the deduction applies only to homesteads. Increases the maximum assessed value of the improvements for purposes of the deduction. Amends the definition of "rehabilitation". Removes the scheduled expiration of the deduction. Makes conforming changes.
First reading: referred to Committee on Ways and Means
Referred to the House
Senator Lanane added as coauthor
Third reading: passed; Roll Call 181: yeas 49, nays 0
House sponsor: Representative Thompson
Senator Rogers added as coauthor
Senator Randolph added as coauthor
Amendment #1 (Buchanan) prevailed; voice vote
Second reading: amended, ordered engrossed
Senator Zay added as second author
Committee report: amend do pass, adopted
Authored by Senator Buchanan
First reading: referred to Committee on Tax and Fiscal Policy
| Bill Text Versions | Format |
|---|---|
| Introduced Senate Bill (S) | |
| Senate Bill (S) | |
| Engrossed Senate Bill (H) |
| Document | Format |
|---|---|
| Fiscal Note: SB0401.03.ENGS.FN001 | |
| Fiscal Note: SB0401.03.ENGS.FN002 | |
| Fiscal Note: SB0401.02.COMS.FN001 | |
| Floor Amendment: SB0401.02.COMS.AMS001 | |
| Committee Report: SB0401.01.INTR.CRS001 | |
| Fiscal Note: SB0401.01.INTR.FN001 | |
| Committee Amendment: SB0401.01.INTR.AMS01 |
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