House Sponsors: DAVIS,STEVE. Short description: LOCGOV-AUDITING TAX Synopsis of Bill as introduced: Amends the Governmental Account Audit Act. Provides that a unit of government with taxing powers may levy an auditing tax in an amount that will require extension of the tax at a rate that will produce a sum sufficient to pay the cost of the required auditing expenses (instead of at a rate not "in excess of .005% of the value of all taxable property in the unit as equalized or assessed by the Department of Revenue"). Effective immediately. HOUSE AMENDMENT NO. 1. Limits the amount produced by the auditing tax to $5,000. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0 END OF INQUIRY Full Text Bill Status