Bill

Bill > H0450


ID H0450

ID H0450
Amends existing law to provide that a taxing district wishing to disclaim the right to recover a forgone budget increase shall provide notice, hold a hearing and adopt a resolution, a copy of which shall go to the county clerk and the State Tax Commission.


summary

Introduced
01/30/2018
In Committee
02/13/2018
Crossed Over
02/12/2018
Passed
Dead
03/28/2018

Introduced Session

2018 Regular Session

Bill Summary

BUDGETS -- Amends existing law to provide that a taxing district wishing to disclaim the right to recover a forgone budget increase shall provide notice, hold a hearing and adopt a resolution, a copy of which shall go to the county clerk and the State Tax Commission.

AI Summary

This bill amends existing law to provide that a taxing district wishing to disclaim the right to recover a forgone budget increase must provide notice, hold a public hearing, and adopt a resolution. The resolution must be filed with the county clerk and the State Tax Commission. This change allows taxing districts to choose not to recover a foregone budget increase from a previous year, rather than automatically carrying that increase forward.

Committee Categories

Budget and Finance

Sponsors (0)

No sponsors listed

Other Sponsors (1)

Revenue and Taxation Committee (House)

Last Action

Introduced, read first time; referred to: Local Government & Taxation (on 02/13/2018)

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