SB649
Real property tax; special assessment on basis of use, notice requirements.
Status:
Passed
Latest Action:
March 23, 2026
Senate: Fiscal Impact statement From TAX (3/23/2026 10:20 am)
Chief Patron:
Mark Obenshain (R)
Session:
2026 Regular Session
Summary
As Passed House of Origin. 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 $250. The bill directs the Real Estate Board to include in the residential property disclosure statement on its website a statement that the owner makes no representations or warranties with respect to whether the property is located in a locality that has adopted a land-use plan that may provide use value assessment and taxation for certain real estate and that advises purchasers to exercise due diligence to determine whether the property may be subject to roll-back taxes and interest for taxation on the basis of a use assessment and the liability for additional taxes and penalties that may attach if a change in use occurs. Finally, the bill has a delayed effective date of January 1, 2027. (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)
- 01/28/2026 - Senate: Passed by for the day
- 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
- 02/17/2026 - House: Placed on Finance Agenda
- 02/18/2026 - Senate: Fiscal Impact statement From TAX (2/18/2026 7:43 am)
- 02/18/2026 - House: House committee offered
- 02/18/2026 - House: Reported from Finance with amendment(s) (21-Y 0-N)
- 02/20/2026 - House: Read second time
- 02/23/2026 - House: Read third time
- 02/23/2026 - House: committee amendment agreed to
- 02/23/2026 - House: Engrossed by House as amended
- 02/23/2026 - House: Passed House with amendment (97-Y 0-N 0-A)
- 02/25/2026 - Senate: House amendment agreed to by Senate (40-Y 0-N 0-A)
- 02/27/2026 - Senate: Enrolled
- 02/27/2026 - Senate: Bill text as passed Senate and House (SB649ER)
- 02/27/2026 - House: Signed by Speaker
- 02/27/2026 - Senate: Signed by President
- 03/10/2026 - Senate: Enrolled Bill communicated to Governor on March 10, 2026
- 03/10/2026 - Governor's Action Deadline 11:59 p.m., April 13, 2026
- 03/23/2026 - Senate: Fiscal Impact statement From TAX (3/23/2026 10:20 am)
