Bills › 89th General Assembly
Relating to the filing requirements for the business property tax credit and including effective date provisions
Sponsored by the House Ways and Means Committee
Topics:TaxesProperty taxesTax credits & incentives
Same legislation: HF 47
Where it is now
- Done: IntroducedJanuary 12, 2021
- Done: SubcommitteeFebruary 11, 2021
- Done: House committeeApril 7, 2021
- Done: Passes the HouseApril 14, 2021
- Done: Senate committeeApril 22, 2021
- Done: Passes the SenateMay 19, 202148–0
- Done: To the GovernorMay 28, 2021
- Done: Signed into lawJune 8, 2021
Signed into law 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 bill removes 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.
Senate subcommittee
Named April 20, 2021. On April 21, 2021 it recommended passage.
- Sen. R. Smith
- Sen. Janet Petersen DEmail
- Sen. Amy Sinclair REmail
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
Family tree
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.