SB 880 - Wieland, Paul
Requires a tax rate ceiling adjustment after the expiration of a temporary levy increase
Bill Details
Sponsor
LR Number
4839S.01I
Title
SB 880
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2018
Committee
Current Status
Hearing Conducted S Ways and Means Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 880 - 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.
This act is identical to SB 357 (2017).
JOSHUA NORBERG