SR 687 - Ad valorem taxation; local replacement option; provide for procedures, conditions, and limitation-CA

Current Version

PDF Version

Committees

SC:FIN
HC:

Current Status

02/05/08 - Senate Read Second Time

First Reader Summary

A RESOLUTION proposing an amendment to the Constitution so as to authorize a local taxing jurisdiction to wholly or partially replace ad valorem taxation other than for bonded indebtedness with a 1 percent sales and use tax; to provide for procedures, conditions, and limitations; to provide for the submission of this amendment for ratification or rejection; and for other purposes.

Status History

Bill History
Date	Action
12/10/2007	Senate Prefile
01/14/2008	Senate Read and Referred
02/01/2008	Senate Committee Favorably Reported
02/05/2008	Senate Read Second Time

Versions

As introduced LC 18 6732
Committee sub LC 18 6958S