H.B. 102

Senate Committee Amendments

Amendment 2 March 3, 2014 5:55 PM

Senator J. Stuart Adams proposes the following amendments:

1.    Page 20, Lines 588 through 594 :    

             588          (B) for a period of five years, beginning on the day on which the local entity adopts the
             589      initial assessment resolution or ordinance described in Subsection (1)(a)(i)[.];

             590          (iii) may not levy an assessment on a residential property for the economic promotion
             591      activities
{   ;   }        .      

{   (iv) may not use taxable value as the assessment method; and

             593          (v) shall use an assessment method that fairly and equitably reflects the growth in
             594      economic activity received by the benefitted property.  

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hb0102.sca.02.wpd LRGC powen powen R 03/03/14 5:55p