HB 1333 Summary

• Public libraries may hold referenda to increase property tax levies if the library board determines it cannot carry out duties without additional revenue or needs to replace revenue lost from circuit breaker tax credits.

• The ballot question must specify both the additional property tax rate (in cents per $100 of assessed valuation) and the number of calendar years the referendum tax levy will be imposed, with a maximum duration of seven years.

• Referendum tax levies are exempt from ad valorem property tax levy limits and do not count toward the library's standard levy limitations.

• Referenda must be held at the next primary, general, or municipal election, or at a special election on the first Tuesday after the first Monday in May or November if no regular election is scheduled.

• Approved referendum revenues must be deposited in a dedicated referendum tax levy fund and may be used for any lawful public library expenses; a new referendum cannot be held for one year if voters reject the measure.