SJR 35
Modifies provisions relating to property taxes
Sponsor:
LR Number:
1516S.01P
Last Action:
3/30/2023 - H First Read
Journal Page:
Title:
Effective Date:
Upon voter approval

Current Bill Summary

SJR 35 - Current law requires a county to levy a replacement tax on all real property that is not residential, agricultural, or horticultural in order to replace revenue lost due to the exemption from property tax of certain personal property, and allows such levy to be decreased if approved by a majority of voters in such county. This constitutional amendment, if approved by the voters, also authorizes such levy to be decreased by the elected governing body of the county.

This amendment also applies current property tax levy rollback provisions to the replacement tax levy.

JOSH NORBERG

Amendments

No Amendments Found.