Senate Tax Committee reinstates revenue-neutral, tightens mill rate limit

The Senate Assessment and Taxation Committee amended HB 2745 today, reinstating revenue-neutral and giving voters a chance to veto property tax increases that exceed the rate of inflation. The bill approved by the House allowed a protest petition to give voters a chance to stop tax increases above 3%, but multiple exemptions could easily have […] The post Senate Tax Committee reinstates revenue-neutral, tightens mill rate limit appeared first on The Sentinel.