Staff Analysis of the Legislation
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04.05.11 The House Ways and Means committee adjourned debate on this bill.
02.17.11 The House Ways and Means committee carried this bill over.
02.10.11 The House Ways and Means General Government, Personnel and Benefits subcommittee gave this bill a favorable report with an amendment. The amendments were not relevant to municipalities.
Summary of the bill as introduced: Revises the calculation of the index of taxpaying ability by imputing an index value for owner-occupied residential property assessed at four percent of value and requires that for fiscal years 2011-2012 and 2012-2013 the index of taxpaying ability for real property assessed at six percent be calculated using sales ratio data. |
