The Ways and Means Committee proposes the following Amendment No. 1 to H. 4092 (COUNCIL\NBD\4092C001.NBD.SA16):

Reference is to the bill as introduced.

Amend the bill, as and if amended, by striking SECTION 1 in its entirety and inserting:

/      SECTION      1.      Section 12-43-220(c) of the 1976 Code, as last amended by Act 259 of 2014, is further amended by adding an appropriately numbered subitem at the end to read:

     "( )      Notwithstanding any other provision of law, when an owner receiving the special assessment rate pursuant to item (c) dies, the property shall continue to receive the special assessment rate until the deceased's estate is closed, or upon recording of a deed or deed of distribution out of the estate, whichever occurs first. This subitem only applies if the property is not rented."            /

Renumber sections to conform.
Amend title to conform.