SOURCE: Page 2, line 32 -->
Page 2, delete lines 32 through 36, begin a new line blocked
indented and insert:
"
(1) A taxpayer's property tax liability on tangible property
described in subsection (c)(4) may not exceed one percent
(1%) of the gross assessed value of the property that is the
basis for the determination of property taxes.".
Page 3, delete lines 9 through 13, begin a new paragraph and insert:
"(g) Property taxes imposed after being approved by the voters
in a referendum or local public question shall not be considered for
purposes of calculating the limits to property tax liability under
subsection (f).".
(Reference is to ESJR 1 as printed February 22, 2008.)
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MOSJ0104/DI 51 2008