Bills › 89th General Assembly
Where it is now
- Done: IntroducedFebruary 15, 2022
- Done: SubcommitteeFebruary 15, 2022
- Stopped: House committeeDied when the General Assembly ended
- Next: Passes the House
- Next: Senate committee
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2022 session adjourned on May 24, 2022, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
12 governing fruit-tree reservation and forest reservation property tax exemptions, when a property is part of such a reservation and the property is sold or transferred, the seller is required to notify the buyer that the property is in a fruit-tree or forest reservation and subject to the recapture tax provisions of that Code section. The recapture tax is entered against the property if the property is not maintained or is used for economic gain other than as a fruit-tree reservation during any year of the eight-year exemption period and any year of the following five years or as a forest reservation during any year for which the exemption is granted and any of the five years following those exemption years.
Read the full explanation
This bill provides that if the seller or transferor has actual knowledge that the property is in fruit-tree or forest reservation and fails to notify the buyer or transferee that the property is in fruit-tree or forest reservation and subject to the recapture tax provisions, the buyer or transferee is not liable for any recapture tax entered against the property, a lien shall not be entered against the property for the recapture tax, and the seller or transferor shall be liable for any such recapture tax. The bill takes effect upon enactment and applies to sales and transfers occurring on or after the effective date of the bill.
House subcommittee
Named February 15, 2022. On March 14, 2022 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