Fiscal Note

HB0023S02 - Certified Tax Rate Amendments

State Impact:
Enactment of this bill will not require additional appropriations.

Individual, Business and/or Local Impact:
Enactment of this bill could result in a shift in property taxes between taxpayers of approximately $58 million in FY 2010. Local governments could choose to go through truth in taxation after the first year to minimize losses. As the certified rate adjusts individuals and businesses could see either increases or reductions in property taxes owed.