Bill

Bill > H0328


ID H0328

ID H0328
Amends existing law to provide for the treatment of certain property located within a revenue allocation area.


summary

Introduced
03/16/2023
In Committee
03/22/2023
Crossed Over
03/17/2023
Passed
03/31/2023
Dead
Signed/Enacted/Adopted
04/06/2023

Introduced Session

2023 Regular Session

Bill Summary

URBAN RENEWAL -- Amends existing law to provide for the treatment of certain property located within a revenue allocation area.

AI Summary

This bill amends existing law to provide for the treatment of certain property located within a revenue allocation area. Specifically, it allows for the inclusion of the increased valuation of property owned, leased, or used by a business entity that makes significant capital investments in data centers within the revenue allocation area, as part of the base assessment roll. This change applies retroactively to March 16, 2023, and an emergency is declared for the bill to take immediate effect.

Committee Categories

Budget and Finance

Sponsors (0)

No sponsors listed

Other Sponsors (1)

Revenue and Taxation Committee (House)

Last Action

Reported Signed by Governor on April 5, 2023 Session Law Chapter 308 Effective: Retroactive to 03/16/2023 (on 04/06/2023)

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