Date: 04/29/2015

Final
BILL SUMMARY for HB15-1357

SENATE COMMITTEE ON LOCAL GOVERNMENT

Votes: View--> Action Taken:
Refer House Bill 15-1357 to the Committee of the WPASS



08:01 AM -- HB 15-1357

 Senator Neville, co-prime sponsors, described the provisions of House Bill 15-1357 that sets the assessment ratio for residential real property. Section 3 (1) (b) of Article X of the State Constitution, commonly known as the Gallagher Amendment, requires the General Assembly to set the residential assessment rate every two years at a rate that satisfies the requirements of the amendment. This bill establishes the residential assessment rate at 7.96 percent for tax years 2015 and 2016, the same rate in place since 2003.

The following person testified on the bill:

08:02 AM -- JoAnn Groff, Property Tax Administrator, spoke in support of the bill and distributed a report to the State Board of Equalization and the General Assembly concerning the residential assessment rate (Attachment A). She also responded to questions form the committee concerning factors used to determine the residential assessment rate.

150429 AttachA.pdf150429 AttachA.pdf

08:04 AM

The chair closed testimony on the bill. Senator Neville closed his remarks on the bill.

BILL:HB15-1357
TIME: 08:09:18 AM
MOVED:Kefalas
MOTION:Refer House Bill 15-1357 to the Committee of the Whole, and with a recommendation that it be added to the consent calendar. The motion passed on a vote of 5-0.
SECONDED:
VOTE
Crowder
Yes
Donovan
Yes
Kefalas
Yes
Martinez Humenik
Yes
Ulibarri
Excused
Balmer
Excused
Marble
Yes
Final YES: 5 NO: 0 EXC: 2 ABS: 0 FINAL ACTION: PASS