HB 1005-3_ Filed 02/24/2000, 10:48

SENATE MOTION


MR. PRESIDENT:

    I move
that Engrossed House Bill 1005 be amended to read as follows:

SOURCE: Page 58, line 9; (00)MO100511.58. -->     Page 58, between lines 9 and 10, begin a new paragraph and insert:
    " (e) With respect to the assessment of residential real property, the rules of the state board of tax commissioners shall take into account the fact that a basic level of shelter is different from property wealth because such shelter cannot be readily substituted with other types of assets. The board shall adjust the true tax value of residential real property accordingly.".
    (Reference is to EHB 1005 as printed February 22, 2000.)

________________________________________

Senator ALEXA


MO100511/DI 44     2000