An Act creating a 'Chapter 62F calculations' study group of fiscal harms caused by excluding new local tax revenue from "allowable state tax revenue" calculations and other such calculations
Take action
Record your position on this measure.
Create an account to take a stance, submit a written position, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill establishes a study group to examine the potential financial consequences resulting from the current practice of not including new local tax revenue in calculations of ‘allowable state tax revenue.’ The study group will investigate how this exclusion may be causing fiscal harm to local governments and explore alternative calculation methods. The goal is to understand and address any negative impacts related to this specific calculation methodology.
Key provisions
- Creates a ‘Chapter 62F calculations’ study group.
- The study group will analyze fiscal harms.
- The analysis will focus on excluding new local tax revenue.
- The study group will examine ‘allowable state tax revenue’ calculations.
- The study group will be accompanied by a study order (H5203).
Who is affected
- Local governments
- State government
- Taxpayers
Notable changes
- The bill seeks to re-evaluate how state tax revenue is calculated.
- It aims to address potential financial disparities between state and local entities.
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Cosponsor
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours