Bill Number: HB 4928
Subject: Property Tax
Sponsor: Mike Webber
MASA Position:

Description: Modifies the distribution of local community stabilization share revenue. Would create an operating fund for the share of the total local community stabilization shared revenue used to operate the Local Community Stabilization Authority (LCSA). Currently, the act allows the authority to use up to $300,000 of the local community stabilization share revenue that it collects in order to fulfill its duties as outlined by the act. The bill would require the authority to put said revenue in an operating fund created within the authority for every fiscal year after FY 2018-19 before making any of its distributions.

Position Notes:
Position Date:
Bill Status: Introduced (9/10/2019; Referred to Committee on Tax Policy), Referred (10/2/2019; to Committee on Ways and Means)
PA Number: NA
HB4928 link