Committee backs phase-in of property tax payments
BATON ROUGE - A House committee agreed that property owners whose tax assessments increase by 15 percent or more in one year should be able to spread the increase over three years.
The bill is sponsored by House Speaker Chuck Kleckley as an attempt to give property owners an adjustment period to pay the new amount.
He says the proposal would allow for splitting the total increase and paying one-third of it annually on top of the base amount of the tax bill.
The House Ways and Means Committee backed the measure without objection. It moves next to the House floor.
If approved by the House and Senate, the constitutional change would need approval from voters in November of 2014 to take effect.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
North Carolina police release dash cam shooting footage (Warning: Graphic Video)
North Carolina police release shooting footage (Graphic video warning)
West BR to implement traffic flow measures on LA 1 starting Monday
Man claims his severe losses came from contractor, not flood
Local teen prepares for 9th open heart surgery