PROP TX-TAX DISTRICT SURPLUS

Session: 103rd General Assembly
Year: 2023
Bill #: HB1354
Category: Revenue
Position: Oppose
Mandate? Yes
Revenue Loss? Yes
Authority Preemption? Yes

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Amends the Property Tax Code. Provides that no taxing district may hold more than 150% of the previous levy year's property tax collections in cash or cash-equivalent assets. Provides that excess amounts shall be refunded to taxpayers. Effective immediately.



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