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2003 SESSION

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HB 2084 Personal Property Tax Relief Act of 1998; percentage of reimbursement.

Introduced by: Watkins M. Abbitt, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Personal Property Tax Relief Act of 1998; percentage of reimbursement. Allows for the reduction of the percentage amount to be reimbursed in tax year 2003 to such an amount that would not cause a decrease in the amount of revenues appropriated for K-12 education and law enforcement in 2002, adjusted for inflation. The Governor and the chairmen of the House and Senate Finance Committees would determine that percentage and adjust it annually if necessary. The percentage would return to the next highest percentage no later than 2006. The bill has an emergency clause.

FULL TEXT

• 01/08/03  House: Pres. & ord. printed w/emg. clause pref.01/07/03 030983600  pdf | impact statement

HISTORY

• 01/08/03  House: Pres. & ord. printed w/emg. clause pref.01/07/03 030983600
• 01/08/03  House: Referred to Committee on Finance
• 01/29/03  House: Tabled in Finance (20-Y 2-N)