SB649
Real property tax; special assessment on basis of use, notice requirements.
Status:
In House
Latest Action:
Feb. 4, 2026
House: Referred to Committee on Finance
Session:
2026 Regular Session
Summary
As Introduced. Real property tax; special assessment for land use; notice requirements; civil penalty.
Establishes notice requirements for the sale of real estate that is valued, assessed, and taxed by a locality under a special assessment on the basis of use. The bill directs the Department of Taxation to create a written notice that may be provided to the purchaser of real estate in ... (More) a land use program. The notice must include disclosures regarding the special classification of the real estate and liability for roll-back taxes if a change in use occurs. The bill also requires settlement agents to provide this written notice to purchasers of real estate in a land use program and to obtain the purchaser's written acknowledgement of receipt of the notice. The willful failure of a settlement agent to provide the notice and obtain the written acknowledgement will subject the settlement agent to a civil penalty in an amount not exceeding $5,000 per violation. (Less)-
Bill History
- 01/14/2026 - Senate: Prefiled and ordered printed; Offered 01-14-2026 26104707D
- 01/14/2026 - Senate: Referred to Committee on Finance and Appropriations
- 01/26/2026 - Senate: Fiscal Impact statement From TAX (1/26/2026 10:34 pm)
- 01/27/2026 - Senate: Reported from Finance and Appropriations (14-Y 0-N)
- 01/28/2026 - Senate: Rules suspended
- 01/28/2026 - Senate: Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A)
- 01/28/2026 - Senate: Passed by for the day Block Vote (Voice Vote)
- 01/29/2026 - Senate: Read second time
- 01/29/2026 - Senate: Reading of substitute waived (Voice Vote)
- 01/29/2026 - Senate: Senator Obenshain Substitute agreed to
- 01/29/2026 - Senate: Engrossed by Senate Block Vote (Voice Vote)
- 01/29/2026 - Senate: Engrossed by Senate - floor substitute
- 01/30/2026 - Senate: Read third time and passed Senate (38-Y 0-N 0-A)
- 02/04/2026 - House: Placed on Calendar
- 02/04/2026 - House: Read first time
- 02/04/2026 - House: Referred to Committee on Finance
