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IN SB0314
Bill
Status
1/7/2019
Primary Sponsor
Rick Niemeyer
Click for details
AI Summary
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Lake County solid waste management district prohibited from levying property taxes first due and payable in 2020 and thereafter, except for principal and interest payments on bonds or debt obligations outstanding after December 31, 2019.
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Department of Local Government Finance required to increase Lake County's maximum permissible ad valorem property tax levy by an amount equal to the district's 2019 tax levy.
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Lake County fiscal body authorized to appropriate funds to the district for carrying out its duties and functions, as determined by the county fiscal body, beginning after December 31, 2019.
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District may only issue new bonds after December 31, 2019 with prior approval from the county fiscal body and a commitment of funds from the county.
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Provisions expire January 1, 2023; applies to counties with population between 400,000 and 700,000 (Lake County).
Legislative Description
Lake County solid waste management district. Provides that the Lake County solid waste management district (district) may not levy a property tax that is first due and payable in 2020 and thereafter, except to the extent necessary to pay the principal and interest on outstanding bonds or other debt obligations after December 31, 2019. Requires the department of local government finance to increase the maximum permissible ad valorem property tax levy in Lake County by an amount equal to the amount of the tax levy imposed by the district in 2019. Authorizes the Lake County fiscal body to appropriate to
Last Action
First reading: referred to Committee on Tax and Fiscal Policy
1/7/2019