Sec. 9. Group budget. Resolved: That the State Tax Assessor or the assessor's designee, with assistance from the group staff, shall administer the group's budget.

Emergency clause. In view of the emergency cited in the preamble, this resolve takes effect when approved.

SUMMARY

This resolve requires the State Tax Assessor to convene a group of experts in the field of assessing major industrial property for the purpose of developing recommendations regarding the application of standards and methods for the assessing of major industrial properties that must be deemed adequate and appropriate under a rebuttable presumption. The recommendations must be submitted to the Joint Standing Committee on Taxation no later than January 15, 2004.