SB 357 Requires a tax rate ceiling adjustment after the expiration of a temporary levy increase
Sponsor: Wieland
LR Number: 1501S.01I Fiscal Notes
Committee: Ways and Means
Last Action: 4/11/2017 - Hearing Conducted S Ways and Means Committee Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2017

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Current Bill Summary

SB 357 - This act requires that if the voters in a political subdivision approve an increase to the tax rate ceiling prior to the expiration of a previously approved temporary levy increase, the new tax rate ceiling shall remain in effect only until such time as the temporary levy increase expires under the terms originally approved by a vote of the people, at which time the tax rate ceiling shall be decreased by the amount of the temporary levy increase.