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.
Introduced by:Sen. Martin M. Looney, 11th Dist.
|New today||2-4 days old||5 days & older|
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Co-sponsors for Amendment LCO:
|2/14/2022||Referred to Joint Committee on Planning and Development|