Real estate tax; limitation on tax rate in localities. (HB102)

Introduced By

Del. Dave Albo (R-Springfield) with support from co-patron Del. Jeff Frederick (R-Woodbridge)

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. The bill applies for tax years beginning on or after January 1, 2009. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
12/17/2007Committee
12/17/2007Prefiled and ordered printed; offered 01/09/08 088295404
12/17/2007Referred to Committee on Finance
01/12/2008Impact statement from TAX (HB102)
01/15/2008Assigned Finance sub: 1
01/15/2008Impact statement from DHCD (HB102)
02/12/2008Left in Finance

Comments

John McDonald writes:

Providing the option of a veto to a minority group on an elected body infringes on the rights of the majority of those elected officials who, by definition, represent the majority of the locality's residents and taxpayers.