Point of Sale
Amended 3272 Bill did not pass third reading

Tuesday, Feb 23, 3 pm, Rm. 308 in the Gressette Bldg. the Senate Finance Committee Meets with several POS items on the agenda:
4174 Transfers to children not subject to POS. Harvin, Bales, Harrison, G.M. Smith and Wylie.
1163 Transfers to lineal descendants not subject to POS. Rose
1166 If an assessable transfer of interest, the limit is 15% in the current five year assessment period.  Thereafter the property is subject to POS. (The language is convoluted but this is my best interpretation.) Martin.
Larry Grooms is not a sponsor of any of these bills.
This would be a good opportunity to talk to Grooms, Martin and the other sponsors of these bills and, more importantly, to show our concern.  A good sized dedicated crowd at a committee meeting has been shown to be effective at moving legislation along.
David
 
I believe that the transfer to a child exemption is the direct result of our efforts.  These provisions were added over the weekend.  I can't see the House changing this. Those of you who wrote the Senators are to be congratulated on your success.
 
Sen. Larry Grooms proposed a bill to eliminate POS altogether and lift the cap on millage one time to allow counties to recoup what they would have lost in one year of POS.  In a time of reduced property values this might not be a bad thing.  That should shut the counties up and give us no POS for as long as we could keep it. The bill was sent to the Finance Committee where it may not see the light of day but there was interest on the floor of the Senate for this approach.  Larry is a very effective Senator and a heck of a salesman.