Introduced
by
To revise the law that requires the state to reimburse school, community college and library property tax districts for tax revenue they don’t collect because of tax breaks granted to property owners in a “renaissance zone." The bill would require that if a state budget shortfall causes the reimbursement to be less than 100 percent of the foregone revenue, the reduction must be pro-rated under a formula established in the bill.
Referred to the Committee on Appropriations
Reported without amendment
With the recommendation that the substitute (S-2) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the Senate 25 to 12 (details)
Referred to the Committee on Appropriations
Reported without amendment
With the recommendation that the amendment be adopted and that the bill then pass.
Amendment offered
To apply the proposed provision to Fiscal Year 2009-2010 only.
The amendment passed by voice vote
Passed in the House 104 to 1 (details)
To revise the law that requires the state to reimburse school, community college and library property tax districts for tax revenue they don’t collect because of tax breaks granted to property owners in a “renaissance zone." The bill would require that if a state budget shortfall causes the reimbursement to be less than 100 percent of the foregone revenue, the reduction must be pro-rated under a formula established in the bill. However, this would only appply in the 2009-2010 fiscal year.
To concur with the House-passed version of the bill.
Passed in the Senate 25 to 12 (details)
