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Bills · 2011-2012 Regular Session

AB 262

Died at session end Official bill text Atom feed

excluding permits and licenses from the definition of real property for property tax purposes.

  1. Introduced, stopped here
  2. Passes Assembly, not reached
  3. Passes Senate, not reached
  4. Governor signs, not reached
  5. Law, not reached

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

Under current law, for property tax purposes, "real property" includes land and

all buildings and improvements on the land and all fixtures and rights and privileges

related to the real property. Under this bill, "real property" does not include permits

and licenses related to real property.

Under current law, money and intangible personal property, including credit,

checks, share drafts, notes, bonds, stocks, and other written instruments, are exempt

from property taxes. The bill clarifies that permits and licenses are also intangible

personal property for purposes of the property tax exemption for money and

intangible personal property.

Sponsors

Introduced by: A. Ott (R) , August (R) , Brooks (R) , Craig (R) , Endsley (R) , Kerkman (R) , Kestell (R) , Kleefisch (R) , Knodl (R) , Kooyenga (R) , Krug (R) , LeMahieu (R) , Mursau (R) , Nass (R) , Nygren (R) , Petersen (R) , Rivard (R) , Spanbauer (R) , Steineke (R) , Thiesfeldt (R) , Weininger (R) , Wynn (R)

12 cosponsors

Ballweg (R) , Galloway (R) , Grothman (R) , Hansen (D) , Holperin (D) , Lasee (R) , Lazich (R) , Moulton (R) , Olsen (R) , Schultz (R) , Vukmir (R) , Zipperer (R)

Full history

  1. Sep 15, 2011 · Assembly

    Introduced by Representatives Knodl, August, Brooks, Craig, Endsley, Kerkman, Kestell, Kleefisch, Kooyenga, Krug, LeMahieu, Mursau, Nass, Nygren, A. Ott, Petersen, Rivard, Spanbauer, Steineke, Thiesfeldt, Wynn and Weininger;Cosponsored by Senators Zipperer, Galloway, Grothman, Hansen, Holperin, Lasee, Lazich, Moulton, Olsen, Schultz and Vukmir

  2. Sep 15, 2011 · Assembly

    Read first time and referred to committee on Ways and Means

  3. Sep 16, 2011 · Assembly

    Representative Ballweg added as a coauthor

  4. Mar 23, 2012 · Assembly

    Failed to pass pursuant to Senate Joint Resolution 1