90th General Assembly
Summary of SB1331
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Short description: 
PROP TX-PTELL-TRANSFER SVC                                                 

Synopsis of Bill as introduced:
        Amends the Property Tax Extension Limitation Law in the  Property      
   Tax  Code.  In the provisions concerning the merging and consolidating      
   of taxing districts, provides that if the  service  and  corresponding      
   portion  of  the  aggregate  extension  base  transferred  to a taxing      
   district are for a service for which the transferee district does  not      
   currently  levy,  the provisions requiring a referendum to establish a      
   new levy shall not apply.  Effective immediately.                           
          FISCAL NOTE (Dpt. of Revenue)                                        
          SB 1331 does not create a fiscal impact to the State.                
          STATE MANDATES ACT FISCAL NOTE                                       
          Fails to create a State mandate.                                     
          HOME RULE NOTE                                                       
          Fails to preempt home rule authority.                                
          HOUSING AFFORDABILITY NOTE                                           
          No fiscal effect on a single-family residence.                       
Last action on Bill: PUBLIC ACT.............................. 90-0719

   Last action date: 98-08-07

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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