HS/HB 2011 - This act requires taxing authorities to express their proposed tax rates to the nearest one-one hundredth of a cent.

The act also requires the State Auditor to review proposed tax rates of taxing authorities within 15 days of receipt of documentation. If the State Auditor believes the rate submitted by the taxing authority does not comply with state law, the Auditor must provide a recalculated rate to the taxing authority. The taxing authority must submit to the Auditor documentation accepting or denying the Auditor's recalculated rate within 15 days of receipt of the recalculated rate from the Auditor. If the taxing authority rejects the Auditor's recalculated rate and does not submit documentation supporting the rejection, the Auditor must refer the perceived violation to the Attorney General. The Attorney General can obtain injunctive relief to prevent the taxing authority from levying the rate proposed to be in violation by the State Auditor. If the court refuses injunctive relief against a taxing authority's tax rate as requested by the Attorney General, then the Attorney General's office must reimburse the taxing authority for all court costs and attorney's fees incurred as a result of the court proceeding.

The act extends the time period from one to three years for refund or credit of an overpayment of property taxes that have been erroneously or mistakenly levied upon a taxpayer. Interest must be paid on the overpayment. Current law prohibits payment of interest to the taxpayer.

The act also allows collectors of revenue to offset future distributions of property tax revenues to political subdivisions in an amount equal to any refund or credit granted.
TOM MORTON