16. HB 486

Passage; May 3, 2017; RV #659; Journal Page 2340; 104 Yeas, 40 Nays

YCT Nay. HB 486 allows public school districts, whose maintenance and operations (M&O) tax rate for the 2005 tax year was $1.50 or less per $100 of taxable value; and whose adopted tax rate was ratified at an election in the 2006 tax year or any subsequent tax year, is the higher of the amount provided by state law or the sum of the district's current debt rate and the highest M&O tax rate adopted by the district for the 2007 tax year or any subsequent tax year in which the district's adopted tax rate was approved at an election to ratify school taxes. YCT is opposed to all increases in taxes in the state and this bill would lead to higher property taxes being levied in many school districts.