Digest

Provides that the assessed value of property determined in an appraisal submitted by a taxpayer shall be substituted in an appeal for the assessed value determined by any other method. Limits for four years the amount by which the assessed value of property can increase after the assessed value is determined in an appeal.

Digest

Phases out the inheritance tax beginning July 1, 2013, by giving an increasing credit against the inheritance tax due. Provides that the inheritance tax does not apply to the transfer of property interests by a decedent whose death occurs after June 30, 2018. Phases out payments of the inheritance tax replacement amount to counties over a period between 2013 and 2018. Provides that the estate tax and generation skipping transfer tax do not apply after June 30, 2018. Makes technical corrections.

Digest

Reduces from ten to one the number of qualified employees that a corporation or pass through entity must employ in order to qualify for the new employer tax credit (credit). Excludes an individual hired as a seasonal worker from the definition of "qualified employee". Extends the credit for two years (to taxable years beginning before January 1, 2015).

Digest

Provides that business personal property located in a county may be exempted from property taxation: (1) through the adoption of an ordinance by majority vote of the county fiscal body; or (2) if the county fiscal body has not adopted such an ordinance, through the passage of a local public question by county voters. Requires the department of state revenue to separately account for sales tax collections that occur in or are otherwise sourced to a county in which business personal property is exempted from property taxation under these provisions. Requires the treasurer of state to distribute monthly to the county treasurer an amount equal to 5% of the sales tax collected during the preceding month on retail transactions that occur in or are otherwise sourced to the county. Provides that a county treasurer receiving such a distribution of sales tax: (1) shall deposit the taxes in a special fund; and (2) shall before the end of the month in which the taxes are received apportion and distribute the taxes among the taxing units of the county. Requires the department of local government finance to reduce the maximum permissible property tax levy of each taxing unit in a county in which a business personal property tax exemption has been established. Specifies that the amount of the reduction is equal to the amount of property taxes on business personal property that is first due and payable to the taxing unit in the year containing the assessment date for which the exemption first applies.

There are no Actions

Digest

Specifies the method of determining "pecuniary liability" and defines "percentile" for purposes of worker's compensation reimbursement for health services. Provides for worker's compensation health service reimbursement rate contracting. Specifies that costs incurred by the worker's compensation board in claim dispute resolution are paid by the nonprevailing party.

There are no Actions