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S04020 Summary:
BILL NO | S04020 |
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SAME AS | SAME AS A07577 |
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SPONSOR | WINNER |
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COSPNSR | |
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MLTSPNSR | |
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Add S421-l, RPT L | |
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Partially exempts from taxation any multiple dwelling building converted to an owner occupied single family dwelling or that is reduced to at most two units within certain cities; such buildings shall be exempt for a period of one year to the extent of fifty percent of the value of the property after the completion of renovations, reduced by five percent per year for nine years. |