SB 880 – Requires a tax rate ceiling adjustment after the expiration of a temporary levy increase

• Sponsor: Wieland
• LR Number: 4839S.01I
• Committee: Ways and Means
• Last Action: 2/13/2018 - Hearing Conducted S Ways and Means Committee
• Effective Date: August 28, 2018

Current Bill Summary

SB 880 - 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.

This act is identical to SB 357 (2017).

JOSHUA NORBERG