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Senate Bill 0296


 

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Senate Bill 0296

ARCHIVE (2000)

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DIGEST OF INTRODUCED BILL

Allocation of CAGIT certified shares. Allocates the certified share of county adjusted gross income tax (CAGIT) revenues to each civil taxing unit in the county based upon the ratio of the unit's attributed maximum levy to the total attributed maximum levies of all civil taxing units of the county. (Current law allocates the certified share based upon the ratio of the unit's attributed levy to the total attributed levies of all civil taxing units of the county.) Bases the attributed maximum levy upon the civil taxing unit's maximum permissible ad valorem property tax levy for the preceding calendar year. (Current law bases the attributed levy upon the actual ad valorem property taxes of the unit being collected at the time of the allocation.)
    Current Status:
     In Committee - first House
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