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1999 SESSION

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HB 2491 Local fiscal impact; reduction of revenues.

Introduced by: Barnie K. Day | all patrons    ...    notes | add to my profiles

SUMMARY AS ENACTED WITH GOVERNOR'S RECOMMENDATION: (all summaries)

Local fiscal impact; reduction of revenues. Provides that whenever any bill requiring a net reduction of revenues by any locality, except a statewide tax relief measure, is filed during any session of the General Assembly, the Commission on Local Government shall prepare an estimate setting forth the reduction of revenues, if any, to be required of the affected localities in event of enactment of such legislation. Under current law, a similar estimate is prepared for any bill requiring a net additional expenditure by any county, city, or town. Such bills shall be introduced no later than the first day of the session. The bill also provides that, notwithstanding any other law, the General Assembly may consider tax relief measures at any time during any regular or special session.


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