HB2017 - 451R - House Bill Summary

House of Representatives

HB 2017

personal property tax assessment; corrections

Sponsors: May

DPA	Committee on Ways & Means
DPA	Caucus and COW	This bill as introduced contains *an Emergency clause.*
X	As Transmitted to Governor	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 and requires the county treasurer in each county will handle notices for property taxes due for the personal property tax roll.

· Repeals Laws 2000, chapter 84, section 5 relating to the certification of the unsecured personal property tax roll. The 1999 version of this section is maintained.

· 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.

· Requires the county and state equalization boards in the case of a personal property appeal, to complete the hearing and issue a decision on or before December 1^st of the calendar year in which the taxes are levied.

· Changes from October 1 to August 30, the date that a county assessor must mail a notice of valuation.

· Contains an emergency clause.

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44th Legislature