SB 911
Requires political subdivisions to revise property tax levies as a result of receiving American Rescue Plan funds
Sponsor:
LR Number:
3458S.01I
Committee:
Last Action:
1/5/2022 - S First Read
Journal Page:
S30
Title:
Calendar Position:
52
Effective Date:
August 28, 2022

Current Bill Summary

SB 911 - For the 2022 and 2023 calendar years, this act requires each political subdivision to reduce its property tax levy such that the amount of tax revenue generated by such tax levy shall be reduced by an amount that is substantially equal to the total amount of funds received by such political subdivision pursuant to the American Rescue Plan Act of 2021 during such calendar years. Reductions in the property tax levy made pursuant to this act shall only apply to the 2022 and 2023 calendar years.

JOSH NORBERG

Amendments

No Amendments Found.