Bill Title: Senate Substitute for HB 2026 by Committee on Assessment and Taxation - Requiring political subdivisions to adopt a budget that remains at or below revenue neutral and use funds to reduce property tax in order to receive local ad valorem tax reduction fund (LAVTRF) distributions, providing for one annual transfer to the fund, eliminating the county and city revenue sharing fund and discontinuing certain transfers to the special city and county highway fund.

Spectrum: Committee Bill

Status: (Engrossed) 2024-03-26 - Senate Committee Report recommending substitute bill be passed by Committee on Assessment and Taxation [HB2026 Detail]

Text: Latest bill text (Introduced) [PDF]

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