HB4329 - Prohibition of Closed-Door Tax Increases Act

• Units of local government must obtain voter approval through referendum before increasing any levied tax, eliminating authority to raise taxes without public authorization.

• All tax increase referendums must include a sunset date when the increased tax rate expires.

• Debt-related tax increases must sunset no later than the debt payoff date; non-debt tax increases must sunset no later than 10 years from implementation.

• Referendum language must specify the tax name, old and new rates, effective date, purpose, and sunset date in forms prescribed by the Act.

• Units of local government retain authority to impose or increase nontax fines and fees without referendum; the Department of Revenue shall adopt enforcement rules.