5212-S AMS WINS WILS 005

SSB 5212 - S AMD - 013

    By Senators Winsley, Long and Wood

                                                 WITHDRAWN 1/30/97

    On page 27, line 10, after "payable;" strike all material down through "(2)" on line 11 and insert the following:

    "(2) "Limit factor" means:

(a) For taxing districts with a population of less than ten thousand in the calendar year prior to the assessment year, one hundred six percent;

(b) For all other districts, the lesser of one hundred six percent or one hundred percent plus inflation; and

(3)"

    On page 27, line 18, after "shall not exceed" strike all material down through "lower, of" on line 19 and insert "((one hundred six percent of)) the limit factor multiplied by"

    On page 27, line 33, after "shall not exceed" strike all material down through "lower, of" on line 34 and insert "((one hundred six percent of)) the limit factor multiplied by"

                            --- END ---

EFFECT: Allows taxing districts with a population of less than 10,000 to use a limit factor of 106%.