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HB24-1411

Increase in Property Tax Exemption Filing Fees

Concerning an increase in the amount of fees paid to the property tax exemption fund for filing property tax exemption forms.
Session:
2024 Regular Session
Subjects:
Fiscal Policy & Taxes
State Revenue & Budget
Bill Summary

This bill increases the amounts of certain fees, with subsequent adjustments for inflation or deflation, for filing forms and annual reports relating to exemptions of real and personal property from taxation as follows:

  • The fee for claiming an initial exemption of real and personal property is increased from $175 to $200;
  • The fee for filing an annual report containing information relating to property that has been granted exemption from taxation in previous years is increased from $75 to $110;
  • The fee for filing a late annual report containing information relating to property that has been granted exemption from taxation in previous years that is filed later than April 15, but prior to July 1, is increased from $250 to $300; and
  • The fee for filing a delinquent annual report containing information relating to property that has been granted exemption from taxation in previous years that is filed within a 12-month period commencing on July 1 of the year in which the annual report was due is increased from $250 to $300.

The bill requires the property tax administrator to adjust the filing fees for inflation or deflation annually and to round the adjusted amount upward or downward to the nearest $5.


(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Status

Introduced
Passed
Became Law

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Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    04/18/2024 Signed Act PDF
    04/12/2024 Final Act PDF
    04/05/2024 Rerevised PDF
    04/04/2024 Revised PDF
    04/01/2024 Reengrossed PDF
    03/28/2024 Engrossed PDF
    03/25/2024 Introduced PDF

The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details