PROP TX-FALLING EAV
Summary
Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, if the total equalized assessed value of all taxable property in the taxing district for the current levy year (excluding new property, recovered tax increment value, and property that is annexed to or disconnected from the taxing district in the current levy year) is less than the total equalized assessed value of all taxable property in the taxing district for the previous levy year, then the extension limitation is (a) 0% or (b) the rate of increase approved by voters (instead of the lesser of 5% or the percentage increase in the Consumer Price Index during the 12-month calendar year preceding the levy year or (b) the rate of increase approved by voters). Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2015
Committee Review
Floor Vote
Governor
Introduced Feb 25, 2015
Last action Jan 10, 2017
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
18
Key actions
0
Committee
7
Jan 10, 2017
House · Failed
Session Sine Die
Apr 8, 2016
House · Referred to committee
Rule 19(a) / Re-referred to Rules Committee
Feb 4, 2016
House · Reported by committee
To Property Tax Subcommittee
Feb 4, 2016
House · Referred to committee
Assigned to Revenue & Finance Committee
Mar 27, 2015
House · Referred to committee
Rule 19(a) / Re-referred to Rules Committee
Mar 13, 2015
House · Reported by committee
To Property Tax Subcommittee
Mar 10, 2015
House · Referred to committee
Assigned to Revenue & Finance Committee
Feb 25, 2015
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Jack D. Franks
DDemocratic
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