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Latest Action: 02/05/2008 - Assigned to Gen. Sub of: Senate Tax Sub Committee of F,W&M. Bill TextCompanion Bill HB3404. Taxes, Real Property - Allows a credit of wheel tax paid against property tax owed to taxing jurisdiction by a real property owner. - Amends TCA Section 5-8-102 and Title 67, Chapter 5. Fiscal Summary for *SB2771 / HB3404 Decrease Local Govt. Revenue - Exceeds $22,800,000 Bill Summary for *SB2771 / HB3404 This bill creates a tax credit against property tax for persons who pay a wheel tax in the same jurisdiction that they pay property tax. The credit would be allowed for wheel tax paid on or after October 1 before the tax year the property tax is due and by September 30 of the tax year the property tax is due. If a person owns more than one piece of property, then that person must choose to which piece of property to apply the tax credit. In order to claim the credit, a person must present proof of payment of the wheel [...] show full description
Latest Action: 01/30/2008 - Assigned to Subcommittee Local Government of S&LG Bill TextCompanion Bill SB2771. Taxes, Real Property - Allows a credit of wheel tax paid against property tax owed to taxing jurisdiction by a real property owner. - Amends TCA Section 5-8-102 and Title 67, Chapter 5. Fiscal Summary for HB3404 / *SB2771 Decrease Local Govt. Revenue - Exceeds $22,800,000 Bill Summary for HB3404 / *SB2771 This bill creates a tax credit against property tax for persons who pay a wheel tax in the same jurisdiction that they pay property tax. The credit would be allowed for wheel tax paid on or after October 1 before the tax year the property tax is due and by September 30 of the tax year the property tax is due. If a person owns more than one piece of property, then that person must choose to which piece of property to apply the tax credit. In order to claim the credit, a person must present proof of payment of the wheel [...] show full description
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Latest Legislation - View All
Latest Action: 01/30/2008 - Assigned to Subcommittee Local Government of S&LG Bill TextCompanion Bill SB2771. Taxes, Real Property - Allows a credit of wheel tax paid against property tax owed to taxing jurisdiction by a real property owner. - Amends TCA Section 5-8-102 and Title 67, Chapter 5. Fiscal Summary for HB3404 / *SB2771 Decrease Local Govt. Revenue - Exceeds $22,800,000 Bill Summary for HB3404 / *SB2771 This bill creates a tax credit against property tax for persons who pay a wheel tax in the same jurisdiction that they pay property tax. The credit would be allowed for wheel tax paid on or after October 1 before the tax year the property tax is due and by September 30 of the tax year the property tax is due. If a person owns more than one piece of property, then that person must choose to which piece of property to apply the tax credit. In order to claim the credit, a person must present proof of payment of the wheel [...] show full description
Latest Action: 02/05/2008 - Assigned to Gen. Sub of: Senate Tax Sub Committee of F,W&M. Bill TextCompanion Bill HB3404. Taxes, Real Property - Allows a credit of wheel tax paid against property tax owed to taxing jurisdiction by a real property owner. - Amends TCA Section 5-8-102 and Title 67, Chapter 5. Fiscal Summary for *SB2771 / HB3404 Decrease Local Govt. Revenue - Exceeds $22,800,000 Bill Summary for *SB2771 / HB3404 This bill creates a tax credit against property tax for persons who pay a wheel tax in the same jurisdiction that they pay property tax. The credit would be allowed for wheel tax paid on or after October 1 before the tax year the property tax is due and by September 30 of the tax year the property tax is due. If a person owns more than one piece of property, then that person must choose to which piece of property to apply the tax credit. In order to claim the credit, a person must present proof of payment of the wheel [...] show full description
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