Summary of the Introduced Bill

HJR 68 -- Real Property Tax Revenue Limit

Sponsor:  Bivins

Upon voter approval, this proposed constitutional amendment
changes 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 from the previous year or
2.5%, whichever is lower.

Copyright (c) Missouri House of Representatives

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