File Code: Taxes - Property
- Sponsored By:
-
Senators Garagiola, Brochin, Dyson, Klausmeier, Mooney, and
Stone
- Entitled:
-
State Property Tax Rate Reduction
Requiring the Governor to include in the budget bill for fiscal years
beginning after July 1, 2006, 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
assessed value for real property other than operating property of a
public utility; requiring the Governor to transfer $166,777,000 from
the Revenue Stabilization Account to the Annuity Bond Fund, to be used
for payment of debt service for fiscal 2006; etc.
Senate Action
- 2/25
- First Reading Senate Rules
House Action
- No Action
Sponsored by:
- Senator Rob Garagiola, District 15
- Senator Jim Brochin, District 42
- Senator Roy P. Dyson, District 29
- Senator Katherine Klausmeier, District 8
- Senator Alexander X. Mooney, District 3
- Senator Norman R. Stone, Jr., District 6
Bill indexed under the following Subjects:
- APPROPRIATIONS
- GOVERNOR
- PROPERTY TAX
- PUBLIC DEBT -see also- COUNTY & BALT CITY BONDS; STATE BONDS
- REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.
- STATE BONDS
Bill affects the following Statute:
- State Finance and Procurement
- (
8-134
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal Note:
Not available at this time
- Amendments:
None offered
