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Committee debates special property-tax subclass for land near rail stations; language sent back for clarification
Summary
A proposed law to allow counties and cities to set a special property-tax subclass for parcels within one mile of rail stations — including a requirement that the special rate not be zero and a 5% revenue share to the Transportation Trust Fund — drew questions about wording and intent and was held for further drafting.
A proposal to let counties and some cities create a special property-tax subclass for properties within one mile of rail stations drew detailed questions from the Budget and Taxation Committee and was held for further drafting.
Supporters described the provision as an authorizing tool for localities to change tax treatment on land near rail stops. Under the sponsor’s amended language presented to the committee, localities…
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