Bill 69-16

FOR the purpose of decreasing the interest rate on overdue property taxes; imposing a penalty on overdue property taxes; providing that the repayment of property taxes associated with the termination of the elderly or disabled homeowners tax deferral, the agricultural land tax credit, the Airport Noise Zone tax credit, the conservation land tax credit, and the historic preservation tax credit are subject to the same interest decrease and penalty as overdue property taxes; providing that overdue capital facility connection charges and capital facility connection deferral fees are subject to the same interest decrease and penalty as overdue property taxes; providing that penalties on overdue stormwater remediation fees may be waived; providing for a delayed effective date; and generally relating to the interest rate and penalties on overdue property taxes and other charges.