Introduced
by
To require the ballot language in elections that would impose a property tax millage increase to pay for new school or local government borrowing (“bonding”), so it discloses that if property values go down, paying the debt service on the bonds might require an even higher property tax millage rate.
Referred to the Committee on Tax Policy
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered
The substitute passed by voice vote
Passed in the House 63 to 46 (details)
Referred to the Committee on Finance
