S13022022 Regular Session
Amends and adds to existing law to provide sales tax revenues to school districts and to revise provisions regarding school levy authority.
TAXATION -- Amends and adds to existing law to provide sales tax revenues to school districts and to revise provisions regarding school levy authority.
IntroducedIn CommitteeFloor VoteEnacted
STATEMENT OF PURPOSE
▶ Show statement of purpose▼ Hide statement of purpose
This bill relates to taxation. It revises provisions regarding school levies; establishes the Tax and Levy Reduction Fund; revises distributions from the Tax Relief Fund; revises provisions regarding the distribution of certain sales tax; and revises the sales tax revenue distribution formula.
LATEST ACTION
Reported Printed; referred to Local Government & Taxation
BILL INFO
- Session
- 2022
- Chamber
- senate
- Status date
- Feb 11, 2022
RELATED BILLS
Similar bills
H0564Amends existing law to provide for investigation by a county assessor into a person's entitlement to the homestead tax exemption.H0648Amends existing law to provide that taxing districts must deduct certain sales and use tax revenue growth from the property tax budget limitations.H0690Adds to existing law to establish the County and City Property Tax Relief Fund from general funds.H0741Amends and adds to existing law to provide property tax relief for owner-occupied homesteads, to increase the grocery tax credit, and to raise the sales and use tax rate to provide replacement funding for local tax areas.