Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 107 requires counties and municipalities to calculate and use surplus revenue—defined as revenue exceeding prior-year budget growth adjusted for inflation and population growth—for ad valorem property tax relief. It also imposes a cap on the annual tax rate that local governments may adopt, tying it to prior revenue, inflation, and population growth. The bill provides an exception if higher rates are necessary to fulfill pre-existing debt obligations.
Author (1)
Contact the Author
Rep. Brian Harrison
Capitol Phone:
(512) 463-0516
Capitol Office:
EXT E1.414
E-Mail:
