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Bills · 2011-2012 Regular Session

AB 272

Died at session end Official bill text Atom feed

correcting the 2011 equalized valuation for the village of Twin Lakes.

  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, annually, the Department of Revenue (DOR) determines

the full value of the property of each county and taxation district. This property

valuation is known as "equalized value." DOR determines the equalized value of all

property in the state to ensure, generally, that the property is being assessed at its

full value. If DOR makes an error in determining the equalized value of the property

of any county or taxation district, DOR corrects the error by adjusting the county's

or taxation district's equalized value in the year after the year in which DOR made

the error.

In 2011, DOR overvalued the property of the village of Twin Lakes by almost

$70,000,000. This bill requires that, no later than November 30, 2011, DOR correct

the 2011 equalized value determined for the village of Twin Lakes.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Kerkman (R)

3 cosponsors

Darling (R) , Wanggaard (R) , Wirch (D)

Full history

  1. Sep 21, 2011 · Assembly

    Introduced by Representative Kerkman;Cosponsored by Senators Wirch, Wanggaard and Darling

  2. Sep 21, 2011 · Assembly

    Read first time and referred to committee on Ways and Means

  3. Sep 22, 2011 · Assembly

    Fiscal estimate received

  4. Sep 22, 2011 · Assembly

    Public hearing held

  5. Mar 23, 2012 · Assembly

    Failed to pass pursuant to Senate Joint Resolution 1