Date: 03/17/2009

Final
BILL SUMMARY for SB09-042

HOUSE COMMITTEE ON FINANCE

Votes: View--> Action Taken:
Moved amendment L.008. The motion passed without
Refer Senate Bill 09-042, as amended, to the Commi
Pass Without Objection
PASS



11:46 AM -- Senate Bill 09-042 -- Concerning the Administration of the Exempt Status of Property for Property Tax Purposes


Representative Vigil and Representative Peniston, prime sponsors, distributed amendment L.008 (Attachment A). Representative Vigil began by saying that SB09-42 broadens the definition of property overseen by the property tax administrator and expands the authority of the State Board of Equalization to grant certain exemptions. He continued by noting that the bill also requires an owner of a subsidized housing project to submit financial documentation of its operations to the division. After a brief committee discussion, Representative Vigil asked that the State Property Tax Administrator respond to questions about the bill.

The following persons testified:

BILL:SB09-042
TIME: 11:55:33 AM
MOVED:Kefalas
MOTION:Refer Senate Bill 09-042, as amended, to the Committee of the Whole. The motion passed on a 11-0 vote.
SECONDED:Benefield
VOTE
Apuan
Yes
Benefield
Yes
Gerou
Yes
Kefalas
Yes
Kerr A.
Yes
Lambert
Yes
Roberts
Yes
Summers
Yes
Swalm
Yes
Frangas
Yes
Judd
Yes
Final YES: 11 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS