Summary
The proposed amendments: 1) delete language dealing with public hearings for taxing entities that have a calendar year as their tax year since S.B. 61 (2014) has made statutory changes that cover this issue; 2) delete language that excluded tax increment distributions when calculating the percentage of property taxes collected so that local taxing entities can meet the recommendation of the state auditor and accurately account for the taxes they have imposed; and 3) make technical changes to more accurately reflect statutes.