Proposed S.B. No. 30
Session Year 2022


AN ACT LOWERING THE MILL RATE CAP FOR MOTOR VEHICLE PROPERTY TAX AND CONCERNING REIMBURSEMENTS TO MUNICIPALITIES FOR LOST REVENUE.

To reduce the cap for mill rates imposed on motor vehicles to 30 mills and reimburse municipalities, for fiscal years commencing July 1, 2022, to July 1, 2026, inclusive, for lost revenue.


Other Bills with Similar Topics

  Municipal finance 

  Property tax on motor vehicles