BILL · 2015–16 SESSION

HB 2523: Leasehold excise tax credit

Concerning a leasehold excise tax credit for properties of market value in excess of ten million dollars.

Summary

  • Allows a five-year leasehold excise tax credit for certain properties owned by a state university where the leasehold excise tax exceeds the property tax that would be due if the property was privately owned.

From the House Bill Analysis 2016 (HB 2523), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 14, 2016
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Kristine Lytton (D-40)
Introduced
January 14, 2016 in the House
Last action
March 10, 2016
Companion bill
SB 6462
Budget
Has a fiscal note

AN ACT Relating to a leasehold excise tax credit for properties of market value in excess of ten million dollars;

Sponsors

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status.
  2. First reading, referred to Finance (Not Officially read and referred until adoption of Introduction report).

HB 2523 in other sessions

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

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