Michael W. Tryon
- Republican
Primary
Amends the Property Tax Extension Limitation Law of the Property Tax Code. Provides that if, in any levy year, after application of the allowable extension limitations, the aggregate extension for a taxing district increases less than 1.0%, or the aggregate extension for a taxing district decreases, the implementation of the Law shall be suspended for that levy year only. Provides that, upon suspension of the Law, the tax rate shall be calculated as if the taxing district were located in a county to which the Law does not apply. Provides that the Law shall go back into effect in the following levy year unless the 1.0% threshold is once again not met. Effective immediately.
No votes to display
Session Sine Die
House Committee Amendment No. 1 Tabled Pursuant to Rule 40
Rule 19(a) / Re-referred to Rules Committee
House Committee Amendment No. 1 Referred to Rules Committee
House Committee Amendment No. 1 Filed with Clerk by Rep. Michael W. Tryon
House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
Assigned to Revenue & Finance Committee
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Michael W. Tryon
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML |
| Document | Format |
|---|---|
| House Amendment 001 |
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