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HB 0244 -
New Cities - Taxation for Unfunded County Pension Liabilities
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Tracking Level:
Support
Sponsor:
Mary Oliver
(D)
Last Action:
2/8/2017 - House Second Readers
House Committee:
Governmental Affairs
Assigned To:
Annexation/Municipalization
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Auditing/Budget
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Larry Ramsey
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Property Tax
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Retirement
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Staff Analysis of the Legislation
This bill establishes a process by which a county within which a new city is formed may levy a tax within the newly incorporated city to cover that area's pro-rata share of the county's unfunded pension liability.
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