Directs the Legislative Revenue Officer to study land value taxation and submit a report to the interim committees of the Legislative Assembly related to revenue.

Summary

Digest: The Act would require a study of land value taxation. The Act would define "land value taxation" to mean a tax imposed at a higher rate on land than on improvements on the land. The Act would require a report to be turned in next year. (Flesch Readability Score: 77.2). Directs the Legislative Revenue Officer to study land value taxation and submit a report to the interim committees of the Legislative Assembly related to revenue. Defines "land value taxation" to mean a property tax system that imposes a higher uniform rate of tax on land assessments than on improvement assessments. Takes effect on the 91st day following adjournment sine die.