S11702021 Regular Session
Amends SB1108 to revise provisions regarding the calculation of levies.
TAXING DISTRICTS -- Amends SB1108 to revise provisions regarding the calculation of levies.
TAXING DISTRICTS
STATEMENT OF PURPOSE
This is a trailer bill for Senate Bill 1108aa. This bill provides that the current year assessed values will be used in determining the levy rate to be used for new construction and annexation, except it allows the use of the prior years value for centrally assessed operating property. The reason for using the prior centrally assessed operating value is that the current year number is generally not available in time. The centrally assessed operating value is a small percentage of the total and variations will not be significant.
LATEST ACTION
Reported Printed; referred to Local Government & Taxation
BILL INFO
- Session
- 2021
- Chamber
- senate
- Status date
- Mar 5, 2021