HB 47

Principle Criteria
neutral
Free Enterprise
neutral
Property Rights
neutral
Personal Responsibility
neutral
Limited Government
neutral
Individual Liberty
Digest
HB 47 requires counties and municipalities to return any surplus revenue (above population and inflation-adjusted budget growth) in the form of ad valorem tax relief. It also limits their annual tax rate increases using a formula based on population growth and inflation unless necessary to meet existing debt obligations.
Author (1)
Brian Harrison
View Bill Text and Status