Fiscal Note

SB0047S01 - County Regional Facilities Property Tax

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

Individual, Business and/or Local Impact:
If only one county has an eligible municipality, then this bill would increase the property tax by $1,000,000. For each county with an eligible municipality, the property tax increases by $1,000,000. In a county of the first class, the $1,000,000 property tax increase would mean a shift of $979,000 between those taxing entities that pay the property tax and those taxing entities that receive the tax. There may be increased costs to the county assessor.