DID YOU KNOW?
HB
576 by Rep. Chris
Broadwater would create a special statewide taxing district that would use
a state property tax, approved by voters, with funding dedicated to higher
education academic operations, run by higher education management boards. It
pegs the amount to general funding, where it is not supposed to compensate for reductions
in state support. The homestead exemption would apply. He offered up an
amendment that said these votes could happen only when at least another
statewide election was on the ballot, and the House Ways and Means
Committee adopted it without objection.
He defended against the notion that it was a tax increase by saying it
simply created a choice. Opponent Tim Barfield of the Department of Revenue
said it would allow one part of the state to impose on another even if they
have very divergent views on the tax, and it disproportionately affects those
on fixed incomes. Broadwater tried to draw an analogy between statewide
elections for taxation and that of U.S. Senators, and that the fixed income
argument was different. He noted that a few taxing districts had been created
in the past couple of years – but all examples given were local.
He moved to report, which received objection, and it failed 6-11, most
favorable votes coming from Democrats.