1037 AMS LOVE S0953.1

HB 1037 - S AMD - 006

By Senators Loveland, Snyder, Sheldon and Spanel

                                               NOT ADOPTED 1/20/97

    On page 1, beginning on line 11, strike all material through line 17 and insert the following:

    "(2) The state property tax levy for collection in 1997 shall be reduced by 4.7187 percent of the levy amount that would otherwise be allowed under this chapter without regard to this section.

(3) The tax reductions provided in this section ((is)) are in addition to any other tax reduction legislation that may be enacted by the legislature.

    (((3))) (4) State levies for collection after ((1996)) 1997 shall be set at the amount that would be allowed otherwise under this chapter if the state levy for collection in ((1996)) each year had been set without the reductions under ((subsection (1) of)) this section."

EFFECT:  Continues the 4.7187% reduction for just one more year, 1997.

                            --- END ---