1 bill · 2018 Regular Session
Amends existing law to provide that a taxing district wishing to disclaim the right to recover a forgone budget increase shall provide notice, hold a hearing and adopt a resolution, a copy of which shall go to the county clerk and the State Tax Commission.
Taxing districts, such as cities and counties, may elect to disclaim any or all of their forgone balance for the current year. This bill adds flexibility as to when the district may adopt such a resolution. It also requires that the resolution be filed with the county clerk and the state tax commission.
56 – 13