Local government finance: tax equity allocation formula: qualifying cities.
This bill failed and is no longer moving.
- Stage
- Failed
- Started in
- Assembly
- Latest action
- Feb 3, 2014
What it does
Existing property tax law requires the auditor of each county with qualifying cities, as defined, to make certain property tax revenue allocations to those cities in accordance with a specified Tax Equity Allocation (TEA) formula established in a specified statute and to make corresponding reductions in the amount of property tax revenue that is allocated to the county.
Where it stands
This bill failed and is no longer moving.
Failed
This bill failed and is no longer moving.
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Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
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