8212 AMS ROSS WILS 005

SJR 8212 - S AMD - 010

    By Senator Rossi

                       NOT ADOPTED; ROLL CALL VOTE 21-27 - 1/19/00

    On page 1, line 8, after "(1)" strike all material down through "section." on page 2, line 6, and insert "Notwithstanding any other provision of this Constitution, there shall be a credit against property taxes levied for state purposes on each parcel of real property.  The amount of the credit shall be two hundred dollars for taxes payable in 2001.  The credit shall increase each year thereafter by the change in state personal income for the previous fiscal year.  The credit is in addition to any tax relief under Article VII, section 10.  No credit may exceed the amount of state tax due.

    (2) The legislature may, by statute, increase the amount of the credit that is otherwise provided in subsection (1) of this section.

    (3) This section is self-executing, and no legislation is necessary to implement this section."

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EFFECT: Extends the credit to all real property and eliminates the application requirement.