Introduced Senate Bill (S)

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DIGEST

Referendum levies. Provides that a referendum on a controlled project may be held only at a general election, if the preliminary determination to issue bonds or enter into a lease for the controlled project is made after June 30, 2016. Requires a political subdivision that intends to hold a referendum on a controlled project to post examples on the Internet web site of the department of local government finance (department) that illustrate the effect on the annual property tax liabilities of hypothetical taxpayers if the referendum question were to be approved. Provides that a referendum for a referendum tax levy Referendum levies. Provides that a referendum on a controlled project may be held only at a general election, if the preliminary determination to issue bonds or enter into a lease for the controlled project is made after June 30, 2016. Requires a political subdivision that intends to hold a referendum on a controlled project to post examples on the Internet web site of the department of local government finance (department) that illustrate the effect on the annual property tax liabilities of hypothetical taxpayers if the referendum question were to be approved. Provides that a referendum for a referendum tax levy of a school corporation may be held only at a general election, if the resolution to hold the referendum is adopted after June 30, 2016. Requires a school corporation that intends to hold a referendum for a referendum levy to post examples on the department's Internet web site that illustrate the effect on the annual property tax liabilities of hypothetical taxpayers if the referendum question were to be approved. ... View more