This bill eliminates local property tax mill levies (the per-thousand-dollar tax rates) that counties, cities, and schools currently use to fund operations, reducing those levies to zero. Instead of local property taxes, the state would appropriate money annually through the state budget to replace the funding that political subdivisions previously collected through property taxes. The bill makes widespread changes to property tax law across multiple chapters to remove references to local mill levies and establish this new state-funding mechanism.
AI-generated summary
Taxation Deferred to the 41st legislative day Passed, YEAS 7, NAYS 0. S.J. 3
Taxation Scheduled for hearing S.J. 1
First read in Senate and referred to Senate Taxation S.J. 17
Prime sponsor · Sen
R
Dist. SD-029
cosponsor · Rep
R
Dist. HD-004
Deferred to the 41st legislative day
Deferred to the 41st legislative day