Key Votes
H 485 - Land Conservation Program ("Current Use") Amendments - Key Vote
Vermont Key Votes
Stages
- May 27, 2010 Executive Vetoed
- May 12, 2010 Senate Concurrence Vote Passed
- May 12, 2010 House Concurrence Vote Passed
- May 3, 2010 Senate Bill Passed
- Jan. 27, 2010 House Bill Passed
- Jan. 8, 2010 Introduced
Family
Issues
Stage Details
Legislation - Vetoed (Executive) - May 27, 2010
Title: Land Conservation Program ("Current Use") Amendments
Legislation - Concurrence Vote Passed (Senate) (20-9) - May 12, 2010 (Key vote)
Title: Property Tax and Land Use Law Amendments
Vote to concur with House amendments and pass a bill that amends existing law relating to property taxes in various ways.
- -Existing law:
- -The rate is 20 percent of the full fair market value of the changed land determined without regard to use value appraisal; or
-The rate is 10 percent if the owner demonstrates that the parcel has been enrolled continuously more than 10 years, and if changed land is a portion of a parcel, the fair market value of the changed land shall be prorated on the basis of acreage, divided by the common level of appraisal;
- -The rate shall be 10 percent of the full fair market value of the changed land determined without regard to the use value appraisal.
- -Existing law:
- -The determination as of the date the land is no longer eligible for a use value appraisal, or as of the time of the withdrawal of the land from use value appraisal, shall be made by the Director of the Division of Property Valuation and Review;
- -The determination shall be made by the local assessing officials in accordance with the land schedule and the appraisal model used to list property of a similar size to the withdrawn parcel in their municipality divided by the municipality's most recent common level of appraisal as determined by the Director, provided that if the land use change tax becomes payable as a result of a transfer of title pursuant to a "bona fide arm's length transaction," the purchase price shall be deemed the fair market value of the property for the purpose of calculating the Land Use Change Tax.
- -Existing law:
- -The tax shall be paid to the Commissioner of the Department of Taxes for deposit into the General Fund;
- -The tax shall be paid to the municipality in which the land is located and the local assessing officials shall send one-half of the tax collected to the Commissioner.
NOTE: THIS BILL WAS AMENDED BY STRIKING THE ENTIRETY OF THE ORIGINAL TEXT AND REPLACING IT WITH THE TEXT OF THE AMENDMENT. THE DEGREE TO WHICH THE SUBSTITUTE AMENDMENT TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.
Legislation - Concurrence Vote Passed (House) - May 12, 2010
NOTE: THIS BILL WAS AMENDED BY STRIKING THE ENTIRETY OF THE ORIGINAL TEXT AND REPLACING IT WITH THE TEXT OF THE AMENDMENT. THE DEGREE TO WHICH THE SUBSTITUTE AMENDMENT TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.
Legislation - Bill Passed (Senate) - May 3, 2010
NOTE: THIS BILL WAS AMENDED BY STRIKING THE ENTIRETY OF THE ORIGINAL TEXT AND REPLACING IT WITH THE TEXT OF THE AMENDMENT. THE DEGREE TO WHICH THE SUBSTITUTE AMENDMENT TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.
Legislation - Bill Passed (House) (104-34) - Jan. 27, 2010 (Key vote)
Title: Property Tax and Land Use Law Amendments
Vote to pass a bill that institutes a use value appraisal enrollment moratorium for 2010 and further amends existing law relating to property taxes in various ways.
- -Existing law:
- -The rate is 20 percent of the full fair market value of the changed land determined without regard to use value appraisal; or
-The rate is 10 percent if the owner demonstrates that the parcel has been enrolled continuously more than 10 years, and if changed land is a portion of a parcel, the fair market value of the changed land shall be prorated on the basis of acreage, divided by the common level of appraisal;
- -The rate shall be 10 percent of the full fair market value of the changed land determined without regard to the use value appraisal.
- -Existing law:
- -The determination as of the date the land is no longer eligible for a use value appraisal, or as of the time of the withdrawal of the land from use value appraisal, shall be made by the Director of the Division of Property Valuation and Review;
- -The determination shall be made by the local assessing officials in accordance with the land schedule of their municipality divided by the their common level of appraisal.
- -Existing law:
- -The tax shall be paid to the Commissioner of the Department of Taxes for deposit into the General Fund;
- -The tax shall be paid to the municipality in which the land is located and the local assessing officials shall send one-half of the tax collected to the Commissioner.
Legislation - Introduced (House) - Jan. 8, 2010
Title: Land Conservation Program ("Current Use") Amendments