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2007 SESSION

• | print version

HB 2746 Real estate tax; assessment of real property by localities.

Introduced by: David L. Englin | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Local income tax; freeze real estate tax amount.  Allows localities to impose a local income tax if they freeze the amount of real estate tax collections as of the date the local income tax is adopted. Prior to adopting the tax, there must be a referendum approving it, and the local governing body must adopt an ordinance. Localities will continue to assess real property as they normally would. The purpose of the local income tax is to make up the revenues that would have been collected from the real property tax if the collections amount had not been frozen.

FULL TEXT

• 01/10/07  House: Prefiled and ordered printed; offered 01/10/07 074244299  pdf | impact statement

HISTORY

• 01/10/07  House: Prefiled and ordered printed; offered 01/10/07 074244299
• 01/10/07  House: Referred to Committee on Finance
• 01/18/07  House: Assigned Finance sub: #2 (Ware, R.L.)
• 02/06/07  House: Left in Finance