House Bill 1683
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DIGEST OF INTRODUCED BILL
Property tax abatement. Provides that tax abatement deductions do not apply for purposes of taxes imposed for police protection, fire protection, and emergency services. Allows a municipality to authorize a credit against municipal property taxes to a taxpayer in a municipal taxing district in which the assessed valuation subject to tax abatement is proportionally greater than the average assessed valuation subject to tax abatement in other taxing districts in the county. Imposes an equalization levy in the municipality to replace the revenue lost due to the credit.
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