Relating to county local option taxes; prescribing an effective date.
Catchline/Summary:
Requires assessor in county authorized to levy local option tax to compute average effective rate of tax and submit average effective rate to governing body of county for purposes of determining estimated tax revenues and certifying property tax rate for subsequent property tax year. Requires assessor in county authorized to levy local option tax to compute average effective rate of tax and submit average effective rate to governing body of county for purposes of determining estimated tax revenues and certifying property tax rate for subsequent property tax year.
Applies to local option taxes first levied on or after effective date of Act.
Takes effect on 91st day following adjournment sine die.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
Revenue Impact:
May Have Revenue Impact, But No Statement Yet Issued
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HB 3253 House Committee On Revenue
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