SB 357
Requires a tax rate ceiling adjustment after the expiration of a temporary levy increase
Sponsor:
LR Number:
1501S.01I
Committee:
Last Action:
4/11/2017 - Hearing Conducted S Ways and Means Committee
Journal Page:
Title:
Calendar Position:
Effective Date:
August 28, 2017

Current Bill Summary

SB 357 - This act requires that if the voters in a political subdivision approve an increase to the tax rate ceiling prior to the expiration of a previously approved temporary levy increase, the new tax rate ceiling shall remain in effect only until such time as the temporary levy increase expires under the terms originally approved by a vote of the people, at which time the tax rate ceiling shall be decreased by the amount of the temporary levy increase.

JOSHUA NORBERG

Amendments