Kyle Walker
- Republican
- Senator
- District 31
Author
Requires the department of local government finance to increase the maximum permissible property tax levy for certain qualifying municipalities for property taxes first due and payable in 2025 to include all debt service levies of the qualifying municipality for property taxes first due and payable in 2025. Specifies that the adjustment is a one time and permanent increase. Changes the local income tax trust account threshold percentage of a county that contains a qualifying municipality, which is used for purposes of determining whether the county shall receive a supplemental distribution. Modifies the certified share allocation determination for a qualifying municipality. Prohibits the use of funds from the state general fund to make up certain local income tax related shortfalls.
First reading: referred to Committee on Ways and Means
Referred to the House
Cosponsor: Representative Snow
House sponsor: Representative Thompson
Third reading: passed; Roll Call 141: yeas 47, nays 0
Second reading: ordered engrossed
Senator Randolph added as coauthor
Committee report: amend do pass, adopted
Authored by Senators Walker K and Holdman
First reading: referred to Committee on Tax and Fiscal Policy
| Bill Text Versions | Format |
|---|---|
| Senate Bill (H) | |
| Introduced Senate Bill (S) |
| Document | Format |
|---|---|
| Fiscal Note: SB0290.02.COMS.FN003 | |
| Fiscal Note: SB0290.02.COMS.FN002 | |
| Fiscal Note: SB0290.02.COMS.FN001 |
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