2006 Regular Session

SENATE BILL 559

File Code: Taxes - Property
Sponsored By:
Senators Pipkin, Greenip, Hafer, Haines, Harris, Hooper, Jacobs, Kittleman, and Mooney
Entitled:
State Property Tax Rate Reduction

Synopsis:

Requiring the Governor to include in the budget bill for fiscal years after 2007 a general fund appropriation for payment of debt service on State bonds in an amount estimated to be sufficient to establish a State property tax rate of 8.4 cents per $100 of assessment; requiring the Governor to transfer $90,000,000 from the Revenue Stabilization Account to the Annuity Bond Fund, to be used for payment of debt service for fiscal 2007 to reduce the State property tax rate to 8.4 cents per $100 of assessment; etc.

History by Legislative Date

Senate Action
2/3
First Reading Budget and Taxation
3/1
Hearing 3/16 at 1:00 p.m.
3/16
Hearing cancelled
Hearing 3/20 at 1:00 p.m.
House Action
No Action

Sponsored by:

Senator E. J. Pipkin, District 36
Senator Janet Greenip, District 33
Senator John J. Hafer, District 1
Senator Larry E. Haines, District 5
Senator Andrew P. Harris, District 7
Senator J. Robert Hooper, District 35
Senator Nancy Jacobs, District 34
Senator Allan H. Kittleman, District 9
Senator Alexander X. Mooney, District 3

Bill indexed under the following Subjects:

APPROPRIATIONS
PROPERTY TAX
PUBLIC DEBT -see also- COUNTY & BALT CITY BONDS; STATE BONDS
PUBLIC WORKS, BOARD OF
STATE BONDS

Bill affects the following Statute:

State Finance and Procurement
( 8-134 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal Note (Displayed in PDF Format): Available
Amendments: None offered