Fiscal Note
HB0333 - Property Tax Revisions
State Impact:
This bill appropriates $250,000 to the Tax Commission for distribution to counties impacted by the provisions of the bill.
| Funding Source | FY 2008 Approp. | FY 2009 Approp. | FY 2010 Approp. | FY 2008 Revenue | FY 2009 Revenue | FY 2010 Revenue |
| General Fund, One-Time | $0 | $250,000 | $0 | $0 | $0 | $0 |
| Total | $0 | $250,000 | $0 | $0 | $0 | $0 |
Individual, Business and/or Local Impact:
Enactment of this bill could lead to a shift in burden among property taxpayers. The shift will be dependent upon the number of taxpayers over 65 who apply for a deferral. For each 10 percent who defer taxes there is a potential shift of approximately $11,800,000.
| 1/30/2008, 4:19:50 PM, Lead Analyst: Wilko, A. | Office of the Legislative Fiscal Analyst |