Skip to main content
Senate Bill 0443


Senate Bill 0443

ARCHIVE (2007)

Latest Information

 

DIGEST OF INTRODUCED BILL


Property tax circuit breaker. Eliminates the 2% assessed value property tax circuit breaker credit after 2007. Provides a property tax credit equal to the amount by which a property taxpayer's property tax liability exceeds 102% of the property tax liability imposed in the preceding year. Corrects an incorrect reference to a date. Indicates that any reduction in collections due to the property tax credit does not relieve a political subdivision from the requirement of fully funding the payment of debt service or lease rentals. Makes other related changes.
    Current Status:
     In Committee - first House
    >Latest Printing > (PDF)