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House Bill 1583


House Bill 1583

ARCHIVE (2007)

Latest Information

DIGEST OF INTRODUCED BILL


Property tax circuit breaker. Provides for the calculation of the 2% circuit breaker property tax credit after subtracting certain levies. Indicates that any reduction in collections due to the property tax credit does not relieve a taxing unit from the requirement of fully funding the payment of debt service or lease rentals.
Current Status:
In Committee - first House
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