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Show COMPLETE TEXT OF INITIATIVE A taxes TAX AND SPENDING LIMITATIONS issue! the pi (The Peoples Tax and Spending Limitation Amendments) appro gener OF AN ACT LIMITING RESIDENTIAL PROPERTY TAXES TO 34 FAIR MARKET VALUE AND ALL OTHERPROPERTYTAXESTO FAIR MARKET VALUE, EXEMPTING CERTAIN TAXES LEVIED FOR PAYMENT OF LEGALLY INCURRED INDEBTEDNESS FROM THE LIMITATION, PLACING LIMITATIONS ON STATE GOVERNMENT AND REVENUE AND UPON THE TAXING APPROPRIATIONS AUTHORITY OF LOCAL GOVERNMENTAL UNITS BASED UPON CHANGES IN UTAH PERSONAL INCOME AND THE POPULATION OF UNITS OF GOVERNMENT, REQUIRING A VOTE OF THE PEOPLE TO IMPOSE NEW TAXES AND INCREASES IN TAXES OTHER THAN PROPERTY TAX BY LOCAL UNITS OF GOVERNMENT, AND RE QUIRING THE DEPARTMENT OF EMPLOYMENT SECURITY TO ADOPT PERSONAL INCOME AND POPULATION FIGURES FOR LIMI OF REVENUE AND APPROPRIATIONS IMPLEMENTION TATIONS. 10F BE IT ENACTED BY THE PEOPLE OF THE STATE OF UTAH: SECTION 1. Section 59 17 101, Utah Code Annotated 1953, as enacted by Chapter 197, Laws of Utah 1979, and renumbered by Chapter 2, Laws of Utah 1987, is repealed and re enacted to read: 59 17 101 PURPOSE OF ACT. It is the purpose of this Chapter to place limitations on state government appropriations and revenue and upon the taxing authority of local governmental units based upon changes in Utah personal income and the population of units of government. The limitations imposed by this chapter shall be in addition to limitations on tax levies, rates, and revenue otherwise provided for by law. SECTION 2. Section 59 17 102, Utah Code Annotated 1953, as last amended by Chapters 21 and 47, Laws of Utah 1985, and renumbered by Chapter 2, Laws of Utah 1987, is repealed and re enacted to read. 59 17 102. DEFINITIONS As used in this chapter (1) Local governmental unit means any city, town, county, school district, special district, or any other political subdivision of the state. (2) Unit of government" means the state or a local governmental unit (3) Legislative body means the Legislature or the governing body of a local governmental unit. (4) Personal income means the total personal income of the state as measured and estimated by the Department of Employment Security BySeptemberl of each year, the Department of Employment Security shall adopt final estimates of personal income (5) Population" means the number of residents of the state or local governmental unit, but in respect to school districts, population" means the number of students in average daily membership. "Population" of special districts or special improvement districts shall be determined by the county in which the district is located, or in the case of districts encompassing more than one county, by the most populous county within the district. "Population" of all other units of government shall be estimated by the Department of Employment Security By September 1 of each year, the respective school distncts and counties and the Department of Employment Security shall adopt final population estimates. (6) "Per capita personal income" means the result obtained for the state by dividing personal income of the state by the states population as pursuant to Subsections (4) and (5). (7) "Fiscal emergency" means an extraordinary occurrence requiring unanticipated and immediate expenditure to preserve the health and safety of the people (8) "Appropriation" means appropriation or budget, whichever is appropriate. Page 20 means the revenue of the unit of government' SECT every tax, penalty, receipt, and other monetary exaction and inter enact this as chaj connected with it, except specifically exempted by (10) Security means any bond, note, warrant, or oi TAXI evidence of indebtedness, whether or not such bond, note, warran other evidence of indebtedness is or constitutes an indebtedne within the meaning of any provision of the Constitution or laws of state of Utah. (9) "Revenue SECTION 3. Section 59 17 103, Utah Code Annotated 1953, as ena by Chapter 197, Laws of Utah 1979, and renumbered by Chaplt Laws of Utah 1987, is repealed and re enacted to read. FORM! LIMIT 59 17 103. STATE APPROPRIATIONS FOR CALCULATION. There is established a state appropnai limit for each fiscal year beginning after June 30, 1988. For eat these fiscal years the annual legislative appropriations for thissl its agencies, departments, and institutions shall not exceed thal) determined by the following formula in which R equals the recent years personal income for the state, P equals the p year's personal income for the state, and A equals the prior ye appropriation for the state, its agencies, departments, and ins tions, as ai()usted by the exemptions provided in section 59 17 A A 85 (R 1) maximum appropriations P The recommendations and budget analysis prepared by the Offu Legislative Fiscal Analyst, as required by Chapter 12 of Title 36, be strictly in compliance with the limitations imposed by j Chapter SECTION 4. Section 59 17 104, Utah Code Annotated 1953, as enat by Chapter 197, Laws of Utah 1979, and renumbered by Chaplt Laws of Utah 1987, is repealed and re enacted to read: LOCAL GOVERNMENTAL UNIT REVENUE III 59 17 104. FORMULA FOR CALCULATION. There is established a rest limit for local governmental units for each fiscal year beginning. December 31, 1988. For each of these fiscal years revenues of each local govemrm unit shall not exceed the sum determined by the following formu which R equals the current year's per capita personal income state, P equals the prior years per capita personal income ol state, A equals the prior years revenue limit of the governmental unit, as at()usted by the exemption provided in set 59 17 109, except forthe first year in which the limitation applie' local governmental unit, A equals the prior year's total revenm the local governmental unit, as at()usted by the exemptions pro. for in section 59 17 109, X equals the current years populate the local governmental unit, and Y equals the prior jt population of the local governmental unit: A AX 90 (R 1) maximum revenues. Y P SECTION 5. Section 59 17 104.5, enacted to read: 59 17 104 5 PROPERTY TAX LOCAL GOVERNMENTAL UNITS. ad valorem tax on any property in three fourths of one percent Utah Code Annotated LIMITATION 195 ON STATE I1 There is established a maxr1 the State of Utah not to er' of the fair market vali (34) residental property, as defined in Section 59 2 103, and one per (1) of the fair market value of property other than reside1 property The tax shall be collected and apportioned as provide1 law The limitation provided for in this section shall not app' |