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COPYRIGHT 2005 Las Vegas Review-Journal
BYLINE: REVIEW-JOURNAL
CARSON CITY -- The Legislature's answer to rising tax bills underwent a transformation in the Senate on Wednesday, leaving a 3 percent increase in tax bills for most homeowners untouched but adding a fixed cap of 8 percent for all other property owners.
The amended version of Assembly Bill 489 was approved unanimously by the Senate Taxation Committee and probably will be voted on by the full Senate today.
If the Assembly agrees to the change, a bill could be on Gov. Kenny Guinn's desk by Friday, a day after lawmakers' self-imposed deadline for action.
If the Assembly does not agree, the differences would be worked on in a conference committee, composed of representatives from each house. The negotiations probably would cause a delay.
County assessors have said they need specifics on property tax relief by today to send the appropriate tax bills out by July 1.
That appeared unlikely as Assembly Democrats were less than enthusiastic about the changes made to the bill in...
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