2016 House Bill 5578

Clarify "big box" store property taxation

Introduced in the House

April 19, 2016

Introduced by Rep. David Maturen (R-63)

To require the state Tax Tribunal (and indirectly, local property tax assessors) to assess “big box” stores based more on "highest and best use" factors rather than a lower value based on claims that the property would not be easily filled if vacant. This refers to whether these large structures are uniquely less valuable if vacant than other commercial properties that are supposedly easier to use for other purposes. The bill also limits store owners from "gaming" the system by placing deed restrictions on closed stores that lower their value (and tax assessment).

Referred to the Committee on Tax Policy

May 18, 2016

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

June 8, 2016

Substitute offered by Rep. David Maturen (R-63)

The substitute passed by voice vote

Passed in the House 97 to 11 (details)

Received in the Senate

June 9, 2016

Referred to the Committee on Finance