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Senate committee backs bill to require timely permit reporting to Department of Revenue
Summary
The Senate Local Government Committee advanced SB404 to require local governments or the Department of Labor & Industry to send building or electrical permits to the Department of Revenue field office within one month; sponsor cited a legislative audit estimating DOR missed roughly 14% of residential new-construction value.
Senate Local Government Committee members voted Feb. 28 to advance SB404, a bill that would require local governments or the Department of Labor and Industry to forward building and electrical permits to the Department of Revenue (DOR) field office where a property is located within one month.
Senator Dave Fern, sponsor of SB404, opened the hearing by citing a legislative audit that, he said, “estimated DOR missed about 14% of residential new construction market value annually” and that the auditors “estimated that the department missed an average of 300,000,000 in new construction market value each year.” Fern said the bill is a short, targeted change intended to make DOR’s existing appraisal work…
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