Real estate tax; limitation on tax rate. (HB315)

Introduced By

Del. Dave Albo (R-Springfield)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Real estate tax; limitation on tax rate. Provides that the total tax revenue in a locality may not exceed 105% of the total tax revenue in the locality in the immediately prior year unless approved by at least a two-thirds majority vote of the local governing body. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/04/2006Prefiled and ordered printed; offered 01/11/06 063532204
01/04/2006Referred to Committee on Finance
01/18/2006Assigned to Finance sub-committee: #1 (Orrock)
01/31/2006Fiscal impact statement from TAX (HB315)
02/15/2006Left in Finance