92nd General Assembly
Summary of HB4924
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House Sponsors:

Short description: 
LOCGOV-AUDITING TAX                                                        

Synopsis of Bill as introduced:
        Amends the Governmental Account Audit Act. Provides that  a  unit      
   of government with taxing powers may levy an auditing tax in an amount      
   that  will require extension of the tax at a rate  that will produce a      
   sum sufficient to pay the cost  of  the  required  auditing  expenses       
   (instead  of  at  a  rate  not "in excess of .005% of the value of all      
   taxable  property  in  the  unit  as  equalized  or  assessed  by  the      
   Department of Revenue"). Effective immediately.                             
        HOUSE AMENDMENT NO. 1.                                                 
        Limits the amount produced by the auditing tax to $5,000.              
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   0


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