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.>
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     1 30 COMMITTEE ON LOCAL GOVERNMENT
     1 31 E. THURMAN GASKILL, CHAIRPERSON
     1 32 SF 39.202 80
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