PROPERTY TAX
SB1003 (CHAPTER 3)
Omnibus Public Finance Budget Reconciliation
Includes provisions for administration of various tax types
and treatment of funds in the state budget process. The single
provision in the bill relating to property tax changes the
distribution of property taxes on airline flight property so that
fifty per cent of the revenues are deposited in the state general
fund and fifty per cent in the aviation fund.
Effective July 21,
1997.