SB 0053 Prohibits revision of any tax levy to include inflationary growth
LR Number:S0365.02I Fiscal Note:0365-02
Committee:Ways and Means
Last Action:03/02/99 - Voted Do Pass S Ways & Means Committee Journal page:
Effective Date:August 28, 1999
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Current Bill Summary

SB 53 - This act removes the current statutory authorization for a political subdivision to revise its tax levy to permit an inflationary growth factor. The act also requires all taxing authorities in the state to report tax revenues from residential real property to the State Auditor by December 31 of the year the property is assessed. The State Auditor is required to submit a report to the General Assembly by the following January 31.

This act is similar to CCS/SS/SCS/HS/HB 516.