Who sponsored HB 1074?

HB 1074 was sponsored by David Ray (R), Rep.

Limits Use of Property Tax Relief Funds

IntroducedN/A

Passed1 year ago

Intro

House

Senate

Pres

Notification that HB1074 is now Act 121

Why This Matters

This bill changes the rules for using money from the Property Tax Relief Trust Fund, requiring a higher vote to use it for anything other than property tax relief.

If you are a taxpayer, this bill makes it harder for local governments to use property tax relief funds for other purposes.

Who this affects

local governments · taxpayers

What changes is this bill making?

1This bill raises the voting requirement to use funds from the Property Tax Relief Trust Fund for non-property tax purposes.
2The new threshold requires a two-thirds majority vote from lawmakers to access these funds for other uses.
3The bill aims to ensure that money in the trust fund primarily supports property tax relief.
4It affects how local governments can allocate funds from the trust, making it harder to divert them.

Read the detailed summary

To Amend The Property Tax Relief Trust Fund; And To Require A Higher Vote Threshold For Using Moneys In The Property Tax Relief Trust Fund For Purposes Other Than Property Tax Relief.

Last changed 6 months ago · checked hourly

Limits Use of Property Tax Relief Funds

IntroducedN/A

Passed1 year ago

Intro

House

Senate

Pres

Notification that HB1074 is now Act 121

Why This Matters

This bill changes the rules for using money from the Property Tax Relief Trust Fund, requiring a higher vote to use it for anything other than property tax relief.

If you are a taxpayer, this bill makes it harder for local governments to use property tax relief funds for other purposes.

Who this affects

local governments · taxpayers

What changes is this bill making?

1This bill raises the voting requirement to use funds from the Property Tax Relief Trust Fund for non-property tax purposes.
2The new threshold requires a two-thirds majority vote from lawmakers to access these funds for other uses.
3The bill aims to ensure that money in the trust fund primarily supports property tax relief.
4It affects how local governments can allocate funds from the trust, making it harder to divert them.

Read the detailed summary

To Amend The Property Tax Relief Trust Fund; And To Require A Higher Vote Threshold For Using Moneys In The Property Tax Relief Trust Fund For Purposes Other Than Property Tax Relief.

Last changed 6 months ago · checked hourly