8212 AMS BENT HOOV 001

SJR 8212 - S AMD - 012

By Senators Benton, Stevens, Hochstatter, McDonald, Finkbiener, Zarelli, Swecker, Johnson, Roach, Honeyford, Hale and Deccio

                         NOT ADOPTED 1/19/00; ROLL CALL VOTE 22-26

    On page 2, line 5, after "(4)", insert the following:

    "Notwithstanding any other provision of this Constitution or law, the rate of state property tax shall be as follows:

    (a) Three dollars and sixty cents per thousand dollars of assessed value for taxes levied for collection in 2000, and before;

    (b) Three dollars and twenty-four cents per thousand dollars of assessed value for taxes levied for collection in 2001;

    (c) Two dollars and eighty-eight cents per thousand dollars of assessed value for taxes levied for collection in 2002;

    (d) Two dollars and fifty-two cents per thousand dollars of assessed value for taxes levied for collection in 2003;

    (e) Two dollars and sixteen cents per thousand dollars of assessed value for taxes levied for collection in 2004; and

    (f) One dollar and eighty cents per thousand dollars of assessed value for taxes levied for collection in 2005; and

    (g) One dollar and forty-four cents per thousand dollars of assessed value for taxes levied for collection in 2006; and

    (h) One dollar and eight cents per thousand dollars of assessed value for taxes levied for collection in 2007; and

    (i) Seventy-two cents per thousand dollars of assessed value for taxes levied for collection in 2008; and

    (j) Thirty-six cents per thousand dollars of assessed value for taxes levied for collection in 2009; and

    (k) No tax may be levied under this section for taxes levied for collection in 2010 and thereafter.

    (5)"

                            --- END ---

EFFECT: Phases out the state property tax by 2010.