Senate Amendment 3031 PAG LIN 1 1 Amend Senate File 39 as follows: 1 2 #1. Page 1, by striking lines 1 through 13, and 1 3 inserting the following: 1 4 <Section 1. Section 441.72, Code 2003, is amended 1 5 to read as follows: 1 6 441.72 ASSESSMENT OF PLATTED LOTS. 1 7 When a subdivision plat is recorded pursuant to 1 8 chapter 354, the individual lots within the 1 9 subdivision plat shall not be assessed in excess of 1 10 the total assessment of the land as acreage or 1 11 unimproved property for three years after the 1 12 recording of the plat or until the lot is actually 1 13 improved with permanent construction or sold, 1 14 whichever occurs first. However, in cities with a 1 15 population of less than five thousand, the individual 1 16 lots within the subdivision plat shall not be assessed 1 17 in excess of the total assessment of the land as 1 18 acreage or unimproved property for six years after the 1 19 recording of the plat or until the lot is actually 1 20 improved with permanent construction or sold, 1 21 whichever occurs first. 1 22 PARAGRAPH DIVIDED. When an individual lot has been 1 23 improved with permanent construction, the lot shall be 1 24 assessed for taxation purposes as provided in chapter 1 25 428 and this chapter. This section does not apply to 1 26 special assessment levies.> 1 27 1 28 1 29 1 30 COMMITTEE ON LOCAL GOVERNMENT 1 31 E. THURMAN GASKILL, CHAIRPERSON 1 32 SF 39.202 80 1 33 sc/sh 1 34 1 35 1 36 1 37 1 38 1 39 1 40 1 41 1 42 1 43 1 44 1 45 1 46 1 47 1 48 1 49 1 50 -1-