Bill
HB 5308
Overview: HB 5308 - AN ACT RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXESStatus: 02/27/2025 Committee recommended measure be held for further studyIntroduced: March 14,
Overview: HB 5308 - AN ACT RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES
Status: 02/27/2025 Committee recommended measure be held for further study
Introduced: March 14, 2025
Purpose and Intent: This bill aims to modify the process for levying and assessing local taxes, providing more flexibility and autonomy for local governments.
Key Provisions:
- Allows local governments to levy new taxes or increase existing tax rates without requiring state legislative approval
- Removes the requirement for a public referendum to approve local tax increases above a certain threshold
- Grants local governments the authority to determine the assessment and collection of local taxes
Affected Parties and Impacts:
- Local governments, including cities, counties, and municipalities
- Taxpayers within the jurisdictions of local governments that choose to exercise the new tax-setting powers
- State government, which would have reduced oversight and control over local taxation
Procedural and Timeline Considerations:
- The bill has been introduced and referred to a committee, which has recommended that it be held for further study
- The legislative process is ongoing, and the bill's future progress is uncertain at this stage
Compiled from official sources — confirm details with the bill’s official record.
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