The legislative session passed its last major hurdle before the end of session – Wednesday was the cutoff for bills needing to pass out of their opposite house. All that is left is for bills that were amended to be approved or rejected by their original house. That, and all of the big stuff the legislature has not yet gotten
It’s that time of session when you can pretty much tell what bills the legislature is likely to pass and you’ve seen all of the budget drafts except for the final version. Thus, we can have a pretty good understanding of how the legislative session might shape up for the counties. While there are bills that will add resources to
One option the state is considering as a method to raise new revenue is to graduate the rate of taxation based on the value of the sale for the state real estate excise tax. While the increases fund different things based on the particular bill, there are two formulas the legislature is considering. Current law is a flat 1.28% REET.
We are now at that point in session when all of the budget proposals have been released and passed by their respective chambers. Now is the time for the real negotiation to begin. Conference Committees As with any bill, when the two houses cannot agree on what the bill should say, the bill will go to a conference committee. Members from