This bill modifies provisions relating to property tax revenue increases.
This bill:
- provides the circumstances under which a taxing entity shall submit an opinion question to registered voters before increasing the amount of revenue generated from property tax;
- exempts a taxing entity that submits an opinion question to registered voters from the truth-in-taxation notice and hearing requirements;
- limits how much revenue a taxing entity receives from new growth; and
- makes technical and conforming changes.

Statutes affected:
Introduced: 10-5-109, 10-5-112, 10-6-118, 10-6-133, 10-6-135, 20A-7-613, 53F-8-201, 53F-8-302, 53F-8-303, 59-2-102, 59-2-919, 59-2-919.1, 59-2-920, 59-2-921, 59-2-922, 59-2-926