SB149 - Requires a political subdivision to notify voters that a proposed increase in the property tax rate ceiling may be adjusted if there is a subsequent decrease in the amount of assessed valuation from the previous assessment

SB 149

Requires a political subdivision to notify voters that a proposed increase in the property tax rate ceiling may be adjusted if there is a subsequent decrease in the amount of assessed valuation from the previous assessment

Sponsor:	Schatz
LR Number:	0192S.01I	Fiscal Notes
Committee:	Ways and Means
Last Action:	1/11/2017 - Second Read and Referred S Ways and Means Committee	Journal Page:	S108

Title:		Calendar Position:
Effective Date:	August 28, 2017

List of 2017 Senate Bills

Current Bill Summary

SB 149 - This act requires that a political subdivision notify voters with ballot language that a proposed increase in the property tax rate ceiling may be subject to an adjustment if the political subdivision subsequently experiences a decrease in the amount of assessed valuation from the previous assessment.

This act is substantially similar to HB 781 (2017).

JOSHUA NORBERG