This bill proposes several updates to current statutes regarding taxation and informational pamphlets related to budget overrides and bond elections. Specifically, it would require the tax rate and estimated cost associated with proposed capital improvements for single-family homes valued at $100,000 and $400,000 to be included in informational pamphlets for school district budget override elections and Class B bond elections. Additionally, it would add the estimated tax impact of property tax increases on homes valued at $400,000 to the required Truth in Taxation (TNT) notices for school districts, community colleges, and political subdivisions. Furthermore, the bill would remove references to homes valued at $80,000 and update the valuation references to include homes valued at $100,000 and $400,000 in various sections of the statutes. It would also require the estimated tax impact of bond debt service for owner-occupied residences valued at $400,000 and commercial properties valued at $2,000,000 to be included in bond election pamphlets. Overall, these changes aim to enhance transparency regarding the financial implications of tax increases and bond measures for homeowners.

Statutes affected:
Introduced Version: 15-481, 15-491, 15-905.01, 15-1461.01, 35-454, 41-1276, 42-17107, 48-254, 16-204, 15-905, 42-12003, 42-12001, 15-422, 15-423, 15-424, 15-426, 15-403, 15-947, 15-482, 15-949, 15-971, 15-447, 15-342, 15-493, 15-401, 15-402, 15-910, 15-910.01, 1999-2000, 15-995, 15-907, 42-17052, 42-17002, 42-17051, 15-1461, 42-17105, 42-12002, 42-17151, 42-17103, 42-17104
House Engrossed Version: 15-481, 15-491, 15-905.01, 15-1461.01, 35-454, 41-1276, 42-17107, 48-254, 16-204, 15-905, 42-12003, 42-12001, 15-422, 15-423, 15-424, 15-426, 15-403, 15-947, 15-482, 15-949, 15-971, 15-447, 15-342, 15-493, 15-401, 15-402, 15-910, 15-910.01, 1999-2000, 15-995, 15-907, 42-17052, 42-17002, 42-17051, 15-1461, 42-17105, 42-12002, 42-17151, 42-17103, 42-17104