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House Bill 1104


House Bill 1104

ARCHIVE (2010)

Latest Information

 

DIGEST OF INTRODUCED BILL


Revised Lake County levy limit based on LOIT. Provides that the Lake County assessed value growth quotient for determining a maximum property levy is one unless Lake County imposes a local option income tax for property tax (LOIT) relief for that calendar year. (Current law provides that Lake County's growth quotient is one unless Lake County adopts a LOIT for property tax relief at a rate of 1%.)
Current Status:
 In Committee - first House
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