Bill Information

An Act establishing the School Property Tax Reduction Fund; authorizing an additional personal income tax and an additional sales and use tax; providing for distributions to school districts, for question to be submitted to electors and for certain referendum relating to school property tax elimination; imposing limitations on earned income tax rate; authorizing certain increases on earned income tax rate; prohibiting and limiting real property tax in certain school districts; and authorizing resubmission of referendum under certain circumstances.