H.B. 1332, which the House passed Friday in a 96-1 vote, would allow a property tax extension for businesses that can provide the country treasurer with proof of a 25% decline in revenue in 2020 compared with 2019. The county treasurer would be required to provide the qualifying business with a payment plan for its 2021 property tax liability.
If enacted, the bill would take immediate effect.
The bill is in the state Senate.
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