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House Bill 1568


House Bill 1568

ARCHIVE (2005)

Latest Information

 

DIGEST OF HB 1568 (Updated February 24, 2005 10:49 pm - DI 52)


Local budgets and property taxes. Requires the department of local government finance (DLGF) to publish notice and hold a hearing on an objecting petition concerning budgets, rates, and levies filed by taxpayers. Eliminates the limitation against filing such a petition unless a certain percentage of petitioners also objected locally. Allows a taxpayer that owns property that represents at least 10% of the taxable assessed valuation in a political subdivision to appeal from the county board of tax adjustment's action on the political subdivision's budget. Requires the DLGF to provide written notice of the hearing on an appeal from the county board of tax adjustment's action to the taxpayers who initiated the appeal. Prohibits the DLGF from holding a hearing on local budgets, rates, and levies if an informational notice is not published by the county auditor at least ten days before the date of the hearing. Requires the DLGF to certify its action after a hearing on a political subdivision's budget, rate, and levy to the taxpayers that had appealed from the county board of tax adjustment's action and to a taxpayer that owns property that represents at least 10% of the taxable assessed valuation in a political subdivision. Allows a taxpayer that owns property that represents at least 10% of the taxable assessed valuation in a political subdivision to petition for judicial review of the DLGF's final determination. Defines maintenance for purposes of the property tax exemption that applies to property used for maintenance of commercial passenger aircraft.
Current Status:
 2nd Reading in Progress
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