DIGEST OF INTRODUCED BILL
Local government finance. Prohibits a civil taxing unit from imposing a property tax levy for general government expenditures after 2006. Excludes public safety expenditures, judicial system expenditures, welfare expenditures, and expenditures to repay bonds and leases from the prohibition. Freezes property tax levies for public safety expenditures and judicial system expenditures at 2006 levels. Establishes the study committee on property tax reductions.