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2003 SESSION

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HB 2170 Personal Property Tax Relief Act of 1998;reduce reimbursement amount.

Introduced by: Clarence E. Phillips | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Personal Property Tax Relief Act of 1998; reduce reimbursement amount. Reduces the current car tax reimbursement amount from 70 percent to 27.5 percent, for tax year beginning January 1, 2003. The reimbursement amount will remain at 27.5 percent until the general fund revenues, including transfers, for the most recently ended fiscal year after 2004 equal or exceed the amount of such revenues collected in tax year 2000 and adjusted for inflation.

FULL TEXT

• 01/08/03  House: Presented & ordered printed, prefiled 01/08/03 036728884  pdf | impact statement

HISTORY

• 01/08/03  House: Presented & ordered printed, prefiled 01/08/03 036728884
• 01/08/03  House: Referred to Committee on Finance
• 01/29/03  House: Passed by indefinitely in Finance (21-Y 1-N)