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Introduced House Bill (H)

Authored by

DIGEST

Local airport authority tax rates. Specifies that the statute requiring the adjustment of certain property tax rates does not apply to a local airport authority's cumulative building fund tax rate. Specifies that an airport authority may increase the tax rate for its cumulative building fund without complying with procedures under the cumulative fund statute. Requires an airport authority to give notice of the proposed increase and hold a public hearing on the proposal before increasing the tax rate. Makes technical corrections. Local airport authority tax rates. Specifies that the statute requiring the adjustment of certain property tax rates does not apply to a local airport authority's cumulative building fund tax rate. Specifies that an airport authority may increase the tax rate for its cumulative building fund without complying with procedures under the cumulative fund statute. Requires an airport authority to give notice of the proposed increase and hold a public hearing on the proposal before increasing the tax rate. Makes technical corrections.