Caps State use portion of energy tax revenues and ensures balance of such revenues are paid annually as municipal aid.
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Progress
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- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill limits the amount of state revenue that can be taken from energy tax revenues, capping it at the amount the state previously used. It ensures that the remaining balance of these revenues is distributed annually to municipalities as municipal aid. This aims to provide more consistent and equitable property tax relief for local communities. The bill modifies existing law to achieve this reallocation of energy tax funds.
Bill text
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Sponsors
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