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HB 1160, 64th R.S.

Relating to the creation of the Local Educational Equalization Fund; providing for the dedication of certain sales tax receipts to the new fund, providing for the allocation and distribution of equalization funds to school districts; providing for maximum school district ad valorem property tax rates and assessment percentages; increasing the rate of the Limited Sales, Excise and Use Tax Act; exempting from the tax increase certain items contracted or bid for before the effective date.

Last action: Coauthor authorized

Author: Joe A. Hubenak

Subjects:
Education--Primary & Secondary--Finance
Taxation--Sales

House Committee: Revenue & Taxation () Minutes: April 2 1975

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