SB 1064 – Modifies provisions of law regarding property tax rates

• Sponsor: Lembke
• LR Number: 5302S.01I
• Committee: Jobs, Economic Development and Local Government
• Last Action: 3/31/2010 - Voted Do Pass S Jobs, Economic Development and Local Government Committee
• Effective Date: August 28, 2010

Current Bill Summary

SB 1064 - This act requires the use of a blended rate to determine any necessary adjustments to tax rates due to changes in assessed value for voter approved tax rate increases in jurisdictions which utilize separate tax rates for each subclass of real and personal property.

JASON ZAMKUS