HB2017 - 451R - House Bill Summary

House of Representatives

2017

personal property tax assessment; corrections

Sponsors: May

X	Committee on Ways & Means
	Caucus and COW	This bill as introduced contains *an Emergency clause.*
	As Passed the House	This bill as introduced contains *an Emergency clause.*

HB 2017 provides for changes to the administration of the personal property tax.

History

In 1999, the Legislature eliminated the use of two rolls for personal property. Prior to 1999, personal property was classified as either on the “unsecured” or “secured” personal property tax roll. The 1999 law created one roll and tax calendar, thus eliminating the need for separate billings for unsecured personal property throughout the year. In 2000, the Legislature provided for a four-year phase-in for the combination of these rolls into one personal property roll in order to implement the 1999 provisions. The reason for the four-year phase-in was to address concerns from several counties regarding the implementation timetable and the effect it may have on their budgets from shifting property from one fiscal year to another fiscal year.

According to Legislative Council, some of the provisions of Laws 2000, chapter 84 amended the incorrect version of the personal property statutes. This bill repeals two of the statutes enacted that were improperly drafted and makes further modifications.

Provisions

· Repeals Laws 2000, chapter 84, section 4 relating to the Notice of Value and replaces it with modifications to the 1999 Law regarding this section. In addition to the requirement for the county assessor to send out the Notice of Value for personal property by October 1 each year, the assessor will also be required to send a statement of property taxes due. (Prior to 2001, the Notice of Value was required to be sent by June 30, however, the October 1 date was part of the changes made in 2000).

· Repeals Laws 2000, chapter 84, section 5 relating to the certification of the unsecured personal property tax roll and replaces it with modifications to the 1999 Law regarding this section. The bill requires the county assessor to certify the unsecured personal property tax roll to the county treasurer by August 25. (The unsecured roll will be phasing out over the next four years.)

· Repeals the ability of the county assessor to pro-rate the value of mobile homes that have not previously been titled in this state, if the mobile home is added after the close of the property tax roll.

· Contains an emergency clause.

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· 44th Legislature