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House adopts motion to circle first substitute to clarify deferred property tax interest indexing
Utah House of Representatives · February 10, 2003
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Summary
Representative Richardson presented a first substitute to HB200 that replaces references to the federal discount rate with the federal target rate for determining penalty interest on deferred property tax sales for indigent owners; members asked for more time to review and the House voted to circle the substitute for further work.
Representative Richardson explained that the first substitute to HB200 addresses an inequity by aligning penalty interest calculations used in deferred property tax sales for indigent homeowners with a stable index…
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