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HR 1432 - Local ad valorem tax; reduce or eliminate with 1 percent sales tax; authorize - CA

Tracking Level: Monitor
Sponsor: Peake,Allen 137th
Last Action: 2/18/2010 - House Second Readers
House Committee: W&M
Assigned To:
Finance - FundingNext Bill
Finance - TaxationNext Bill

Staff Analysis of the Legislation

SUMMARY:  This resolution calls for a constitutional amendment to use a 1% sales tax to reduce or eliminate ad valorem taxes for educational purposes. Food and drugs would be exempt.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text