BILL · 2001–02 SESSION · LATEST VERSION 2ESB 5872

SB 5872: Property tax

Modifying the multiple-unit property tax exemption.

Summary

  • $ Reduces the minimum city population cap from 50,000 to 30,000 for the multifamily housing property tax exemption program.
  • $ Counts the cost of the rehabilitation or construction as new construction when calculating the maximum district property tax amount when the property is no longer exempt.
  • $ Allows cities to limit the tax exemption to individual dwelling units that meet the city guidelines for program participation.

From the House Bill Report (SB 5872), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed Senate, stalled in House
  1. IntroducedFeb 6, 2001
  2. Out of committeeFeb 27, 2001
  3. Passed SenateMar 12, 2001
  4. Passed Housestopped here
  5. Governor
  6. Law
Prime sponsor
Margarita Prentice (D-11)
Introduced
February 6, 2001 in the Senate
Last action
March 14, 2002
Companion bill
HB 1708
Budget
Has a fiscal note

AN ACT Relating to the property tax exemption for new or rehabilitated multiple-unit dwellings;

Sponsors

Prime sponsor: Margarita Prentice (D-11)

3 co-sponsors (3 Democrats, 0 Republicans)

Votes

Senate · 3rd Reading & Final Passage

Passed March 12, 2001
Version voted on: 2ESB 5872
49 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat25000
Republican24000
How each member voted

Senate · 3rd Reading & Final Passage

Passed February 5, 2002
Version voted on: 2ESB 5872
46 Yea 0 Nay 0 Absent 3 Excused
PartyYeaNayAbsentExcused
Democrat25000
Republican21003
How each member voted

History

  1. By resolution, returned to Senate Rules Committee for third reading. (2ESB 5872)
  2. Referred to Rules 2 Review. (2ESB 5872)
  3. Placed on second reading. (2ESB 5872)
  4. Passed to Rules Committee for second reading. (2ESB 5872)
  5. FIN - Majority; do pass with amendment(s). (2ESB 5872)
  6. FIN - Executive action taken by committee. (2ESB 5872)
  7. First reading, referred to Finance. (2ESB 5872)
  8. Third reading, passed; yeas, 46; nays, 0; absent, 0; excused, 3. (2ESB 5872)
  9. Rules suspended. Placed on Third Reading. (2ESB 5872)
  10. Floor amendment(s) adopted. (2ESB 5872)
  11. Returned to second reading for amendment. (2ESB 5872)
  12. Rules suspended. (2ESB 5872)
  13. Placed on third reading by Rules Committee. (2ESB 5872)
  14. By resolution, reintroduced and retained in present status. (2ESB 5872)
  15. By resolution, reintroduced and retained in present status. (2ESB 5872)
  16. By resolution, returned to Senate Rules Committee for third reading. (2ESB 5872)
  17. Referred to Rules 2 Review. (2ESB 5872)
  18. Rules Committee relieved of further consideration. Placed on second reading. (2ESB 5872)
  19. Passed to Rules Committee for second reading. (2ESB 5872)
  20. FIN - Executive action taken by committee. (2ESB 5872)
  21. Minority; without recommendation. (2ESB 5872)
  22. FIN - Majority; do pass. (2ESB 5872)
  23. First reading, referred to Finance. (2ESB 5872)
  24. Third reading, passed; yeas, 49; nays, 0; absent, 0; excused, 0. (2ESB 5872)
  25. Rules suspended. Placed on Third Reading. (2ESB 5872)
  26. Floor amendment(s) adopted. (2ESB 5872)
  27. Placed on second reading by Rules Committee. (2ESB 5872)
  28. Made eligible to be placed on second reading. (2ESB 5872)
  29. Passed to Rules Committee for second reading. (2ESB 5872)
  30. Minority; do not pass. (2ESB 5872)
  31. LCF - Majority; do pass. (2ESB 5872)
  32. First reading, referred to Labor, Commerce & Financial Institutions. (2ESB 5872)

SB 5872 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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