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SR 0875 -	Property Tax Digest Impact on Education Funding; create Joint Study Committee

Tracking Level:

Passed

Sponsor:

Jack Hill

Last Action:

4/22/2014 - Senate Date Signed by Governor

Senate Committee:

ED&Y

House Committee:

W&M

Assigned To:

Funding	Next Bill
Other	Next Bill
Records and Reports	Next Bill
Taxation	Next Bill

Staff Analysis of the Legislation

SUMMARY: LC 21 2561S

Creates a joint House and Senate study committee of 10 members to study and evaluate the reporting of local tax revenues that impact the funding received by local school systems.

Requires at least three public hearings and one meeting to discuss and finalize findings.

REQUIREMENTS: Specific issues to be addressed include tax digest reporting, economic development related revenues paid "in lieu" of taxes, and any other arrangements that impact a local tax digest.

EFFECTIVE DATE: Upon approval of the House and Senate.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text