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Property Tax › General Assembly

Property Taxes are taxes levied against the owner of property located within a particular jurisdiction. Property taxes are often used to refer to taxes on real property. Property taxation schemes vary depending... more +
Property Taxes are taxes levied against the owner of property located within a particular jurisdiction. Property taxes are often used to refer to taxes on real property. Property taxation schemes vary depending on the country or jurisdiction.  However, a popular system involves a government assessment of the value of a property and a rate based on a proportion of the assessed value. A property may be subject to taxation by multiple taxing entities.  less -
Pullman & Comley - For What It May Be Worth

Connecticut Motor Vehicle Taxation Laws Revised Again

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In 2022, the Connecticut General Assembly enacted a group of laws that changed the manner in which motor vehicles are assessed and taxed. The complete implementation of these statutes has been delayed in part due to various...more

Pullman & Comley - For What It May Be Worth

New Bill Requires Municipalities to Assess Affordable Housing Properties Based on Net Rental Income

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The Connecticut General Assembly recently passed a bill requiring municipalities to assess properties used solely for low and moderate-income housing based on the capitalized value of their net rental income....more

Pullman & Comley - For What It May Be Worth

March 13 Public Hearing on Bills of Interest to Commercial Property Owners and Taxpayers in Connecticut

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The Connecticut General Assembly's Planning and Development Committee will be holding a public hearing on March 13 at 10:00 a.m. on the following bills of interest to commercial property owners and taxpayers...more

Pullman & Comley - School Law

Connecticut Bill Targets Property Tax Exemptions for Educational Institutions

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A bill has been introduced before the Connecticut General Assembly that would eliminate property tax exemptions for real property acquired by an “independent institution of higher education” on or after October 1, 2024...more

Dentons

Iowa General Assembly – Legislative Session Week 4

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Week four of the legislative session was action-packed. Drafters, legislators, advocates, and staff are hustling to keep up with the pace and volume of bills being introduced and moving through committees. A number of...more

McGuireWoods LLP

N.C. General Assembly Amends Ballot Question for 2024 Bond Referenda and Beyond

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For the first time since 2013, the North Carolina General Assembly has altered the form of ballot question local governments must use to secure voter approval of general obligation (GO) bonds. These revisions — contained in...more

Pullman & Comley - For What It May Be Worth

New Property Tax Laws in Connecticut

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While the recently concluded 2023 legislative session focused largely on other forms of taxation, the Connecticut General Assembly did pass several noteworthy acts regarding property taxation. Income and Expense Reports...more

Pullman & Comley - For What It May Be Worth

March 10 Public Hearing on Bills Impacting Connecticut Taxpayers

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On March 10, 2023 at 11:00 a.m., the Connecticut General Assembly’s Planning and Development Committee will hold a public hearing on the following bills of interest to both commercial and residential taxpayers...more

Dentons

Iowa General Assembly – Legislative Session Week 1

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The 90th General Assembly convened for the 2023 legislative session on Monday, January 9. Monday consisted of short organizing sessions in the House and Senate and speeches by leadership in both parties. Priorities set by the...more

Cozen O'Connor

Cozen Cities: January 11, 2023

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Gig Economy & Technology- CHICAGO — University of Chicago Commits Millions to Startups The University of Chicago is stepping up its efforts to create more startups, committing more than $20 million to launch three new...more

Smith Anderson

North Carolina Tax Legislation Enacted in the 2022 Short Session

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The North Carolina General Assembly ended its 2022 short session on July 1. While the legislature is scheduled to reconvene on July 26, no additional tax legislation is expected to be considered....more

Pullman & Comley - For What It May Be Worth

Connecticut General Assembly Exempts Certain Electric Vehicle Charging Stations from Property Taxes & Mandates Their Installation...

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While many of us have been fixated on the soaring gas prices and dreading our next fill-up at the pump, Connecticut recently passed new legislation making a switch to electric vehicles even more intriguing. During the...more

Pullman & Comley, LLC

General Assembly Adopts Revaluation Delay Bill

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The Connecticut General Assembly recently passed a bill (File No. 678) that would allow 10 municipalities to postpone their upcoming revaluations by a year.  Four municipalities (Danbury, Orange, Wilton and Stamford) are...more

Eversheds Sutherland (US) LLP

Georgia’s 2022 legislative session ends with significant tax legislation

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During the 2022 legislative session, the Georgia General Assembly passed significant tax legislation, including authorizing affiliated groups to file consolidated corporate income tax returns without prior approval from the...more

Smith Anderson

Finance Provisions of the 2021 Budget Bill

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On November 15, 2021, after months of negotiations and four and a half months into the new fiscal year, the North Carolina General Assembly released Senate Bill 105, its proposed budget bill (the "Bill"). Both Chambers...more

McGuireWoods Consulting

Illinois End of Session Update

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Speaker Welch First-Term Highlights - Illinois elected a new Speaker of the House for the first time in almost 40 years after former House Speaker Michael Madigan was ousted from his leadership and later resigned at the...more

Franczek P.C.

Illinois General Assembly Approves Refund Recapture Levy for Certain Property Tax Refunds

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Yesterday  the Illinois General Assembly passed Senate Bill 508 (SB 508).    SB 508 creates a new Section 18-233 in the Property Tax Code amending the Property Tax Extension Limitation Law (PTELL) to allow taxing districts to...more

Bradley Arant Boult Cummings LLP

Bill to Overhaul SC Tax Sale Procedure Would Expand Notice to Mortgagees

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A bill pending before the South Carolina General Assembly, SB 102, would rewrite the procedure most commonly used to collect unpaid property taxes through the sale of real estate and mobile homes. Among other important...more

Pillsbury Winthrop Shaw Pittman LLP

New York State Assembly Reintroduces Legislation Imposing Recording Tax on Mezzanine Debt and Certain Preferred Equity Investments

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On January 22, 2021, several New York State Assembly Members reintroduced legislation (Bill No. A03139) that seeks to amend New York’s Real Property Law and Tax Law, New York’s Tax Law and New York’s Uniform Commercial Code...more

Smith Anderson

2020 North Carolina Tax Legislation

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The North Carolina General Assembly concluded the regular business of its 2020 session on Friday, June 26, 2020. While the session will not formally adjourn until September 3, 2020, the only business expected to be considered...more

Eversheds Sutherland (US) LLP

Georgia General Assembly adjourns with new tax legislation

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In the last days of the legislative session, the Georgia General Assembly passed key legislation, including conformity to the federal tax law, a new rideshare fee, changes to interest payments on direct pay permit holder’s...more

Franczek P.C.

General Assembly Approves Legislation Allowing All Counties Except Cook County to Waive Interest Penalties for Late Property Tax...

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Last week, the General Assembly adopted legislation that attempts to clarify the power of county boards to waive all or a portion of the interest penalty of 1.5% per month that is normally applied to late property tax...more

Eversheds Sutherland (US) LLP

Significant tax legislation moves forward in Georgia

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Significant state tax legislation will move forward through the Georgia General Assembly. “Crossover Day” was Thursday, March 11 - the 28th legislative day of 40 total legislative days - the day by which all bills must have...more

Moore & Van Allen PLLC

MVA Monitor - May 2019 #2

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It was another fairly quiet week at the General Assembly. Several House committees advanced bills this week, but only three bills had votes on the House floor. There was more activity in the Senate, but much of that chamber’s...more

Dentons

2019 Legislative Report-End of Session Summary

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After a number of long days and late nights, the First Session of the 88th General Assembly of Iowa adjourned sine die on Saturday, April 27, 2019—the 105th day of session, five days ahead of the scheduled adjournment date...more

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