LRBa0939/1
JK:amn
2021 - 2022 LEGISLATURE
ASSEMBLY AMENDMENT 1,
TO ASSEMBLY BILL 575
November 18, 2021 - Offered by Representative Magnafici.
AB575-AA1,1,11 At the locations indicated, amend the bill as follows:
AB575-AA1,1,10 21. Page 2, line 10: after “conveyance." insert “The exemption under this
3subsection applies to the property of a regional planning commission that the
4commission owned prior to October 1, 2021. If a regional planning commission
5subsequently sells property exempt from taxation under this subsection, the
6exemption applies to property purchased and owned by the commission if the total
7size of all property owned by the commission is substantially similar in size to the
8total property owned by the commission prior to October 1, 2021. Any property of the
9regional planning commission in excess of that size restriction is subject to taxation
10under this chapter.
".
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