Owen Petersen voted Nay (Passage) on this Legislation.
Title: Property Tax Assessment Rate Reduction
Vote to pass a bill that reduces the tax assessment rate of the "all other property" class (excludes property used for industrial purposes and the gross product of minerals and mine products) from 9.5 percent to 8.25 percent for the period of January 1, 2010 through December 31, 2010.
- Appropriates $44 million from the General Fund to reimburse local governments for property tax revenue lost due to the provisions of this Act (Sec 2).
Title: Property Tax Assessment Rate Reduction