Bill Title: Amends the Property Tax Code. Provides that, for the purposes of the definition of 33 1/3%, the fair cash value of property is determined by the lesser of: (1) the Department of Revenue's sales ratio studies for the 3 most recent years preceding the assessment year; or (2) the valuation of the property in the prior year (under the current law, the fair cash value is based on the sales ratio studies).

Spectrum: Partisan Bill (Republican 16-0)

Status: (Introduced - Dead) 2009-06-25 - Added Co-Sponsor Rep. Donald L. Moffitt [HB2646 Detail]

Text: Latest bill text (Introduced) [HTML]

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