HCS HJR 43 -- REAL PROPERTY TAX REVENUE LIMITATIONS (Portwood)

COMMITTEE OF ORIGIN:  Committee on Ways and Means

Upon voter approval, this proposed constitutional amendment
alters the rollback requirement for the Hancock Amendment by
requiring the current levy, not the maximum authorized levy, to
be reduced to yield the same gross revenue for existing property
as before an increase in assessed valuations, with an adjustment
for changes in the general price level.

FISCAL NOTE:  No impact on state funds in FY 2009, FY 2010, and
FY 2011.

Missouri House of Representatives
94th General Assembly, 2nd Regular Session
Last Updated October 15, 2008 at 3:12 pm