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S07376 Summary:
| BILL NO | S07376 |
| SAME AS | SAME AS S06638 |
| SPONSOR | PERALTA |
| COSPNSR | |
| MLTSPNSR | |
| Add S467-g, amd SS922, 936, 1330, 1332 & 1436, RPT L; amd SS11.00 & 20.00, add S27.00, Loc Fin L; amd S3404, add S3108-a, Ins L | |
| Empowers a county or a city with a population of one million or more to provide for deferment of real property taxes owed by persons 65 years of age or older by local law; sets forth procedures for deferment, financing taxes deferred and insuring against loss; provides such tax deferment lien shall be cumulative and shall come due upon sale or conveyance, death of the owner(s) or foreclosure of a security interest in the property. | |