Perfected

HCS/HB 506 - Under current law, political subdivisions that levy different rates on subclasses of real property are required to revise their rates if the amount of revenue derived differs from the amount that would result from using a single rate on all real property. This act would require school districts that levy different rates on subclasses of real property, due to a ballot measure approved by voters prior to January 1, 2011, to revise their tax rates if the amount of revenue derived differs from the amount that would result from using a blended rate on all real property.

This act is similar to Senate Bill 210 (2011).

JASON ZAMKUS


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