SB0290: Local taxes in certain municipalities.
Legislative Summary
Local taxes in certain municipalities. 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.
Demographic Impact
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Bill History
Amendments
Senate Tax and Fiscal Policy Amendment #9
Senate Tax and Fiscal Policy Amendment #9
Senate Tax and Fiscal Policy Amendment #6
Senate Tax and Fiscal Policy Amendment #6
Senate Tax and Fiscal Policy Amendment #1
Senate Tax and Fiscal Policy Amendment #1
Roll Call Votes
Status Information
Sponsors
Primary Sponsor
