❌ HB335
Regards county budget commissions, property and sales tax, funds
Summary
HB335 modifies the law governing county budget commissions, property taxation, county sales taxation, and alternative apportionment formulas for local government and public library funds. It includes provisions for tax reductions, definitions of property classifications, and establishes procedures for tax levies and budget adjustments. The bill also outlines the responsibilities of county auditors and the tax commissioner in determining tax rates and reductions.
Rationale
The bill increases government control over taxation and budget processes, which conflicts with Libertarian principles advocating for minimal government intervention and lower taxes. It also establishes mechanisms for tax reductions that may not align with free market principles, leading to a mixed alignment with the LPO platform.
Risks and Concerns
- Increased government control over local taxation
- Potential for misallocation of tax revenues
- Complexity in tax administration may lead to inefficiencies