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House Bill 1292


House Bill 1292

ARCHIVE (2003)

Latest Information

 

DIGEST OF INTRODUCED BILL


Local property tax replacement income tax. Allows a county council to impose a property tax replacement income tax not exceeding 1% for the county and to use tax revenues for property tax replacement credit. Provides a state distribution to local units in an adopting county in the amount of 20% of the property tax replacement income tax imposed by the county. Allows the additional distribution to be used for local road and street funding.
Current Status:
 In Committee - first House
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