HB4636 - PROP TX-SETTLEMENT/VALUATION

Amends the Property Tax Code. Provides that property that is used for a petroleum refinery may be the subject of a real property tax assessment settlement agreement among the taxpayer and taxing districts in which the property is situated. Makes changes concerning the valuation of pollution control facilities. Effective immediately.

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Mandate?
Position: Under Review
Revenue Loss?
Authority Preemption?