AN ACT relating to taxation.

Summary

The bill changes state tax law so that any city or urban‑county that wants to set a tax rate higher than the compensating rate must hold a public hearing and publish detailed notices. It also creates a recall mechanism if the new rate would generate more than a 4% increase in revenue from existing real property. The goal is to increase transparency and give voters a chance to object to large tax hikes.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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