Adopted by House 1-29-2014

B4002 HFA Boggs 1-28 #1                                      McO

     Delegate Boggs moves to amend the bill on page ten, section eleven, beginning on line eighteen, by striking out the following:

    “(2) The state board shall then apply these rates to the assessed taxable value of other property in each classification in the county as determined by the Tax Commissioner and shall deduct therefrom five percent as an allowance for the usual losses in collections due to discounts, exonerations, delinquencies and the like: Provided, That for the fiscal year beginning on July 1, 2014, and for each fiscal year thereafter, four percent shall be deducted from the revenue calculated pursuant to subdivision (1) of this subsection as an allowance for the usual losses in collections due to discounts, exonerations, delinquencies and the like.”, and inserting in lieu thereof the following:

    “(2) The For each fiscal year beginning before July 1, 2014, the state board shall then apply these rates to the assessed taxable value of other property in each classification in the county as determined by the Tax Commissioner and shall deduct therefrom five percent as an allowance for the usual losses in collections due to discounts, exonerations, delinquencies and the like. For each fiscal year beginning after June 30, 2014, the state board shall then apply these rates to the assessed taxable value of other property in each classification in the county as determined by the Tax Commissioner and shall deduct therefrom four percent as an allowance for the usual losses in collections due to discounts, exonerations, delinquencies and the like.”.

ADOPTED

REJECTED