90th General Assembly
Summary of SB1556
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Senate Sponsors:
FARLEY-O'MALLEY.

Short description: 
PROP TX-TRUTH IN TAX-SAME DATE                                             

Synopsis of Bill as introduced:
        Amends the Property Tax Code.  Revises the  purposes  Section  of      
   the  Truth  in Taxation Law in the Property Tax Code to require taxing      
   districts to hold public hearings  on  their  intention  to  adopt  an      
   aggregate  levy  and to publish their intentions to adopt an aggregate      
   levy in amounts more  than  5%  or  the  percentage  increase  in  the      
   Consumer  Price  Index, whichever is less, over the amount of property      
   taxes extended or estimated  to  be  extended,  including  any  amount      
   abated  by the taxing district prior to such extension, upon the final      
   aggregate levy of the preceding year.  Sets a uniform date for  filing      
   appropriation  ordinances.  Amends  the  State Mandates Act to require      
   implementation without reimbursement. Effective January 1, 1999.            
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: Senate

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


   END OF INQUIRY 



 Full Text  Bill Status