Introduced
by
To revise the formula by which a property-tax reduction provision of the Headlee Amendment is calculated. The provision requires a local government to roll back its millage rate when the increase in the assessed valuation (i.e., taxable value) of existing property increases faster than the rate of inflation, so as to yield the same amount of revenue. Under current law, the increase in taxable value that results from transfers of ownership of property (i.e. the Proposal A "pop up") is not part of the formula. The bill would include these increases, with the effect that a local government would be allowed to levy higher aggregate property taxes without getting permission from voters in a so-called "Headlee rollback" election. It would require these increased tax revenues to be used for public safety.
Referred to the Committee on Tax Policy
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Amendment offered
by
To require the additional revenue raised by local governments under the bill to be used not to supplant current revenue spent on public safety measures, but to be spent in addition to the current spending.
The amendment passed by voice vote
Amendment offered
by
To also allow the additional tax revenue the bill would collect to be used for courts and jails.
The amendment passed by voice vote
Amendment offered
by
To require the additional revenue raised by local governments under the bill to be used not to replace current revenue spent on public safety measures, but to be spent in addition to the current spending.
The amendment passed by voice vote
Motion
by
That consideration of the bill be postponed for the day. The Majority Floor Leader (Rep. Tobocman) moved to place the bill on final passage, but then moved to "clear the board" (cancel the voting process) after around 30 minutes when it was clear that the bill would not gain a majority.
The motion passed by voice vote
