2011 House Bill 4150

Allow counties to lower delinquent property tax interest rate

Introduced in the House

Jan. 26, 2011

Introduced by Rep. Bill Rogers (R-66)

To allow counties to charge local governments an interest rate lower than the statutory 1 percent per month specified on certain delinquent property taxes levied in the local's jurisdiction that have been covered by a county "revolving fund".

Referred to the Committee on Local, Intergovernmental, and Regional Affairs

June 23, 2011

Reported without amendment

With the recommendation that the substitute (H-2) be adopted and that the bill then pass.

Substitute offered

To replace the previous version of the bill with one that sets the lower rate.

The substitute passed by voice vote

Passed in the House 109 to 0 (details)

To require counties to charge local governments an interest rate of 0.5 percent on certain delinquent property taxes levied in the local's jurisdiction that have been covered by a county "revolving fund," rather than the current 1.0 percent.

Received in the Senate

June 28, 2011

Referred to the Committee on Local Government and Elections