SCS/SB 1140 - This act requires political subdivisions to provide additional information to taxpayers prior to the public hearing held prior to the setting of tax rates. The State Tax Commission will oversee the education and certification of all assessors and certain assessor staff. The State Tax Commission is required to perform periodic ratio studies to determine the quality and level of assessments of real property for each assessment jurisdiction. The act also repeals the section of law requiring the Department of Elementary and Secondary Education to examine and certify ratio studies performed by the State Tax Commission. The Joint Committee will now examine the ratio studies performed by the State Tax Commission and recommend to the general assembly any legislative action the committee deems necessary to achieve accurate assessed values for real property. JASON ZAMKUS