Bill Status of HB1558 94th General Assembly
Short Description: SCH CD-UNIT DIST-TAX RATE
Rep. Roger L. Eddy - Shane Cultra
| 1/9/2007||House||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the School Code. For school districts having a population of less than 500,000 inhabitants, provides that, subject to referendum, the maximum tax rate for certain recently formed community unit school districts that have a combined rate of more than 4% is as follows: for 2 years, the same as the actual combined rate of the previous elementary and secondary district; and in each subsequent year the rate shall be reduced by 0.10% or reduced to 4.00%, whichever is less. The school board may seek to increase the reduced rate by referendum. Effective immediately.