House Sponsors: SCHOENBERG-RONEN-SLONE-MOORE,ANDREA-BIGGERT, LOPEZ AND ERWIN. Senate Sponsors: PARKER-BERMAN-LAUZEN Short description: PROP TX-HISTORIC RESIDENCES Synopsis of Bill as introduced: Amends the Property Tax Code. Provides that owner-occupied multi-family residences may qualify as historic residences and be eligible for the certificate of rehabilitation and special valuation during an 8-year valuation period. Makes changes to conform the treatment of historic owner-occupied multi-family residences to that of historic owner-occupied single family residences or historic cooperatives. HOUSE AMENDMENT NO. 1. Defines "owner-occupied single family residence" as a residence in which the title holder of record (i) holds fee simple ownership and (ii) occupies the property as his, her, or their principal residence (now, a residence in which only the title holder of record (i) holds fee simple ownership and (ii) occupies the entire residence). Defines "owner-occupied multi-family residence" as residential property comprised of not more than 6 living units in which the title holder of record (i) holds fee simple ownership and (ii) occupies one unit as his, her, or their principal residence, and the remaining units may be leased (now a residence in which only the title holder of record (i) holds fee simple ownership and (ii) occupies one unit of the entire residence, in which not more than 4 units total may exist, and the remaining units may be occupied by lessees). Deletes definition of "units". STATE MANDATES FISCAL NOTE, H-am 1 In the opinion of DCCA, HB982, as amended by Amendment 1, fails to create a State mandate under the State Mandates Act. FISCAL NOTE, H-am 1 (Dept. of Revenue) HB 982 has no fiscal impact on this Dept. Last action on Bill: PUBLIC ACT.............................. 90-0114 Last action date: 97-07-14 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0 END OF INQUIRY Full Text Bill Status