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S06503 Summary:
| BILL NO | S06503 |
| SAME AS | SAME AS A06628 |
| SPONSOR | MARTINEZ |
| COSPNSR | |
| MLTSPNSR | |
| Amd 1020-q & 1020-p, Pub Auth L | |
| Provides that a payment in lieu of taxes shall be equal to no more than two percent of the increase in total tax rate for the current tax year over the total tax rate of the prior tax year, if any, based upon the assessed value as reflected on the final assessment roll of the current tax year. | |