Senate Bill No. 536–Committee on Government Affairs

(On Behalf of Legislative Committee to Study the
Distribution Among Local Governments of
Revenue From State and Local Taxes)

March 22, 1999

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Referred to Committee on Taxation

 

SUMMARY—Revises provisions governing establishment of combined property tax rate. (BDR 32-706)

FISCAL NOTE: Effect on Local Government: No.

Effect on the State or on Industrial Insurance: No.

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EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted. Green numbers along left margin indicate location on the printed bill (e.g., 5-15 indicates page 5, line 15).

 

AN ACT relating to property tax; revising the provisions governing the establishment of combined tax rates to determine compliance with applicable limitations; and providing other matters properly relating thereto.

 

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

1-1 Section 1. Chapter 361 of NRS is hereby amended by adding thereto a

1-2 new section to read as follows:

1-3 The governing bodies of the local governments within a county shall

1-4 not agree upon a combined tax rate that is achieved by a larger local

1-5 government agreeing to transfer money to a smaller local government

1-6 whose boundaries are located within the boundaries of the larger local

1-7 government to enable the smaller local government to lower its tax rate

1-8 to establish a combined tax rate for the county that complies with the

1-9 limitation set forth in NRS 361.453.

1-10 Sec. 2. The provisions of section 1 of this act do not apply to any

1-11 combined tax rate established before the effective date of this act.

1-12 Sec. 3. This act becomes effective upon passage and approval.

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