Permits board of education to accept donations for purpose of providing property tax relief.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill allows school boards to create a trust fund to accept donations – like bequests and legacies – specifically for the purpose of reducing property taxes for residents. The funds raised in this trust would be used exclusively to offset local property taxes. The bill outlines procedures for establishing and managing the trust fund, including selecting a trustee and ensuring proper distribution of funds to local tax collectors.
Bill text
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Document of record
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Sponsors
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1 on record
Primary sponsor
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