Staff Analysis of the Legislation
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SUMMARY: LC 21 2561S
Creates a joint House and Senate study committee of 10 members to study and evaluate the reporting of local tax revenues that impact the funding received by local school systems.
Requires at least three public hearings and one meeting to discuss and finalize findings.
REQUIREMENTS: Specific issues to be addressed include tax digest reporting, economic development related revenues paid "in lieu" of taxes, and any other arrangements that impact a local tax digest.
EFFECTIVE DATE: Upon approval of the House and Senate.
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