This bill modifies provisions relating to the Multicounty Appraisal Trust (MCAT).
This bill:
- transfers statutory responsibilities from the MCAT to a fund manager for:
the statewide property tax system;valuation of personal property of telecommunications service providers;mediation of disputes about commission orders between the State Tax Commission and a county; andparticipation in a study on the rate of a recovery fee for rentals of heavy equipment;
- establishes the fund manager;
- grants rulemaking authority to the State Tax Commission to establish the requirements for the statewide property tax system;
- provides accounting and reporting obligations on the fund manager;
- provides the conditions for a county to opt out of use of the statewide property tax system; and
- makes technical and conforming changes.Statutes affected:
Introduced: 10-21-101, 17-80-101, 59-2-306.5, 59-2-307, 59-2-308, 59-2-704, 59-2-919.1, 59-2-924.2, 59-2-1601, 59-2-1602, 59-2-1605, 59-2-1606, 59-2-2001, 59-2-2002, 63I-1-259, 63N-3-602, 63N-3-1601, 63N-3-1701