5872 AAS 03/12/01 003

SB 5872 - S AMD 044

    By Senators West and Prentice

                                                  ADOPTED 03/12/01

    On page 1, line 15, after "units" strike all material through "taxation" on line 16 and insert "are condominiums or townhouses"

    On page 2, line 29, after "units" strike all material through "taxation" on line 30 and insert "are condominiums or townhouses"

    Renumber the sections consecutively and correct any internal references accordingly.

C END C

EFFECT: Clarifies that the limitation of property tax exemption applies only to condominiums and townhouses.