This bill modifies provisions in the Property Tax Act.
This bill:
- establishes an application deadline for the residential property tax exemption;
- modifies the contents of the residential property declaration signed by an owner of residential property;
- clarifies the circumstances under which land that is less than five acres in area may qualify for agricultural property tax assessment;
- clarifies a taxpayer's ability to appeal decisions related to tax deferral and tax abatement to the State Tax Commission;
- requires the State Tax Commission to report to the Legislature if certain rules are promulgated; and
- makes technical and conforming changes.
Recommended by: Revenue and Taxation Interim Committee

Statutes affected:
Introduced: 59-2-103.5, 59-2-503, 59-2-507, 59-2-924, 59-2-1006