Bills › 89th General Assembly
Relating to the filing requirements for the business property tax credit and including effective date provisions
Topics:TaxesProperty taxesTax credits & incentives
Same legislation: HF 865
Where it is now
- Done: IntroducedJanuary 12, 2021
- Done: SubcommitteeFebruary 11, 2021
- Done: House committeeApril 7, 2021
- Skipped: Passes the HouseContinued as HF 865
- Next: Senate committee
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Became HF 865 → Its progress continues under the new number. Go to HF 865 What’s a funnel?
What’s in it
AI summary Currently, if someone sells only part of a property that gets a business tax credit, the remaining owners have to file a new claim to keep that credit. This change would stop that requirement so the owners do not have to refile.1
Read the official explanation
This bill strikes the provision in Code section 426C.3 requiring that when a portion of a parcel or property unit that is allowed a business property tax credit is sold, transferred, or ownership otherwise changes, the owner of the portion of the parcel or property unit for which ownership did not change must refile the claim for credit. The bill takes effect upon enactment.
House subcommittee
Named February 11, 2021. On February 23, 2021 it recommended passage. Vote Total: 2-0.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
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Tried before
89th General Assembly
Earlier and later bills are matched by wording or an identical title.
Tried before
This idea has been filed in an earlier General Assembly. None got through a chamber.
- SF 154 Relating to the filing requirements for the business property tax credit and including eff…88th General Assembly · In committee · same titleCleared committee
Matched by wording or an identical title.