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Property tax glitch bill gets bad amendment
The property tax glitch bill (SB1588), which remained purely technical until the last days of session, was amended in the House to include language that would preempt the authority of local governments and an additional loss in revenue. The amendment (HAmend210103) changes the calculation of the maximum millage rate that a county, municipality, or special district may levy by a majority vote. It provides that the rolled back rate (used for determining the millage rate that can be levied by a majority vote) must be calculated as if the tax base had not been reduced by Amendment 1. The millage rate that may be levied by a 2/3 vote or unanimous vote of the membership of the governing body is not changed. The bill as amended passed the Senate and was sent to the Governor for his signature. FAC will provide a more detailed fact sheet in the near future. For more information, please contact Sarah Bleakley.