Changes to Existing Law
SB226 — Increase a limit on video lottery gaming, and to deposit moneys into a new fund.
1 section modified+380-0
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§ 10-13
New Section+380
NEW SECTION added to Chapter 10-13
There is created in the state treasury the residential tax reduction fund. The Department of Revenue shall administer the fund. The purpose of the fund is to provide property tax relief for owner-occupied single-family dwellings. Interest on moneys credited to the fund must remain in the fund. Expenditures from the fund must be budgeted through the general appropriation bill. 9