HOUSE BILL 79
RS30200 / H0079
The purpose of this legislation to provide immediate, ongoing, and permanent property tax relief. This is accomplished by providing $300 million to school districts distributed based on average daily attendance. School districts are required to use funds in the order of priority as follows: (1) payment of school bonds (2) payment of school levies (3) payment of expenses necessary to provide for safe school facilities and address life, safety, and health issues (4) saved for future school facility construction needs. This bill eliminates 2 of the 4 election dates that districts can run elections. The bill also increases the homeowners exemption to $150,000. The bill increases the limitations for individuals to qualify for the circuit breaker. The cities and counties obligation to fund public defense is eliminated and the funding source is permanently moved to an ongoing source of revenue.
|02/02||Introduced, read first time, referred to JRA for Printing|
|02/03||Reported Printed and Referred to Revenue & Taxation|