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1997 SESSION

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HB 1651 Local income taxes; increased with reduced real estate & p.p. tax.

Introduced by: Mitchell Van Yahres | all patrons    ...    notes | add to my profiles

SUMMARY:

Local income taxes. Allows counties and cities to impose a local income tax at the rate of one percent in addition to the applicable state income tax rate with a reduction in the local real estate tax or tangible personal property tax rate to offset the amount of local income tax revenues collected. The bill also eliminates the five-year expiration of authority to levy the tax.


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