2001 REGULAR SESSION (71st)                                                                             A AJR8 1138

Amendment No. 1138

 

Assembly Amendment to Assembly Joint Resolution No. 8                                                   (BDR C‑785)

Proposed by: Committee on Taxation

Amendment Box:

Resolves Conflicts with: N/A

Amends:         Summary:              Title:              Preamble:               Joint Sponsorship:

 

ASSEMBLY ACTION              Initial and Date              |SENATE ACTION                        Initial and Date

       Adopted       Lost                                               |          Adopted       Lost                                           

Concurred In                     Not                                                        |Concurred In  Not                                 

       Receded        Not                                               |         Receded        Not                                           

 

     Amend section 1, page 2, after line 32, by inserting:

     “10.  The legislature may provide by law for an abatement of the tax upon or an exemption of part of the assessed value of undeveloped land or a single-family residence occupied by the owner, or both, to the extent necessary to avoid severe economic hardship to the owner of the land or residence.”.

     Amend the title of the resolution, fourth line, by deleting:

“purposes.” and inserting:

“purposes and to provide for an abatement of the tax upon or an exemption of part of the assessed value of undeveloped land or a single-family residence under certain circumstances.”.

     Amend the summary of the bill to read as follows:

“SUMMARY—Proposes to amend Nevada Constitution to provide for separate taxation of certain property regulated by interstate compact and to provide for abatement of tax upon or exemption of part of assessed value of undeveloped land or single-family residence under certain circumstances. (BDR C‑785)”.