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s_fin_2017a_2017-05-04t10:38:47z3 Hearing Summary

Date: 05/04/2017

Location: SCR 357

Final

BILL SUMMARY for HB17-1311



SENATE COMMITTEE ON FINANCE


Votes: View--> Action Taken:
Postpone House Bill 17-1311 indefinitely. The moti

Refer House Bill 17-1311 to the Committee of the W
PASS

FAIL







11:23 AM -- HB17-1311



Senator Williams, prime sponsor, presented House Bill 17-1311, which requires a seller of a newly constructed residential property to disclose an estimate of future property taxes to the buyer. Beginning January 1, 2018, the seller must use the residential assessment rate from the prior year, the sale price of the property, and mills from the previous year, unless the seller knows that they will change, to estimate future property taxes. Senator Williams responded to committee questions.



11:25 AM --
JoAnn Groff, representing the Division of Property Taxation, testified from a neutral position on the bill. Ms. Groff responded to committee questions.



11:36 AM -- Ed Shackelford, representing himself, testified on the bill.

BILL: HB17-1311
TIME: 11:37:27 AM
MOVED: Court
MOTION: Refer House Bill 17-1311 to the Committee of the Whole. The motion failed on a vote of 2-3.
SECONDED:
VOTE
Court
Yes
Kagan
Yes
Tate
No
Hill
No
Neville T.
No
YES: 2 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: FAIL


BILL: HB17-1311
TIME: 11:38:08 AM
MOVED: Hill
MOTION: Postpone House Bill 17-1311 indefinitely. The motion passed on a vote of 3-2.
SECONDED:
VOTE
Court
No
Kagan
No
Tate
Yes
Hill
Yes
Neville T.
Yes
Final YES: 3 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS














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