bond election pamphlets;
calculations
DP |
Committee on Ways and Means |
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W/D |
Committee on Commerce and Economic Development |
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DP |
Caucus and COW |
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X |
Third Read |
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As Passed the House |
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HB 2249 requires a calculation for determining the estimated impact of bond elections on the average assessed valuation of residential, commercial and agricultural property.
HB 2249 passed the Ways and Means Committee. Unamended. HB 2249 was withdrawn from the Commerce and Economic Development Committee. The bill passed Committee of the Whole unamended.
The informational pamphlet for bond elections has been required since 1994. The pamphlet is required to be mailed to registered voters from 10-40 days before the bond election. Currently the pamphlet must include an estimated tax rate impact for residential, commercial, and industrial properties determined by the governing body of the political subdivision.
The bill will require political subdivisions to notify voters of the actual tax impact, not just the rate, on a $100,000 property. The tax impact must be shown for residential, commercial, and agricultural properties.