Enrolled House Bill (H)

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DIGEST

Clark County taxes. Provides that the county council of Clark County may adopt a resolution authorizing the county executive to appeal to the department of local government finance to increase the county's maximum permissible property tax levy for 2018 in an amount equal to: (1) the amount of the Judgment Funding Bonds of 2016 issued by the county; multiplied by (2) a percentage specified in the resolution adopted by the county council and agreed to in a resolution adopted by the county executive, but not to exceed 100%. Reduces the maximum permissible property tax levy for the county in certain Clark County taxes. Provides that the county council of Clark County may adopt a resolution authorizing the county executive to appeal to the department of local government finance to increase the county's maximum permissible property tax levy for 2018 in an amount equal to: (1) the amount of the Judgment Funding Bonds of 2016 issued by the county; multiplied by (2) a percentage specified in the resolution adopted by the county council and agreed to in a resolution adopted by the county executive, but not to exceed 100%. Reduces the maximum permissible property tax levy for the county in certain cases. Provides for an adjusted allocation of local income taxes, phased out over three years, to prevent the county from receiving an increase in its share of local income taxes as a result of the levy increase. Urges the legislative council to assign the following to a study committee: (1) The topic of studying issues related to the tax increment financing process. (2) The topic of the uniform property tax assessment of nonprofit entities. ... View more