HB0134: Property tax deferral program-amendments.

Legislative Summary

AN ACT relating to property taxes; providing that the property tax deferral program shall be administered by the department of revenue; revising the amount of taxes that can be deferred; revising the calculation of interest; making deferral of taxes contingent on the availability of funds; authorizing the department of revenue to defer lien priority; clarifying eligibility; modifying record keeping requirements; making conforming changes; requiring rulemaking; repealing a conflicting provision; providing an appropriation; specifying applicability; requiring a report; and providing for effective dates.