HB5550Introduced in the House
TRUTH IN TAX-REVENUE RATE
Introduced by Bradley Fritts, District 74
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
Amends the Truth in Taxation Law in the Property Tax Code. Provides that the notice and hearing requirements apply if the taxing district proposes to extend a tax rate against all taxable property in the district that exceeds the revenue neutral rate. Provides that the term "revenue neutral rate" means an aggregate tax rate for the taxing district that would generate the same amount of property tax revenue as was levied by the taxing district in the previous tax year using the current tax year's total assessed valuation of all property in the taxing district. Makes changes concerning notice provisions.
Where it stands
Added Co-Sponsor Rep. Travis Weaver
May 7, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
Filed with the Clerk by Rep. Bradley Fritts
First Reading
Referred to Rules Committee
Assigned to Revenue & Finance Committee
Rule 19(a) / Re-referred to Rules Committee
Added Co-Sponsor Rep. Ryan Spain
Added Co-Sponsor Rep. Tony M. McCombie
Added Co-Sponsor Rep. Jackie Haas
Added Co-Sponsor Rep. Kevin Schmidt
Added Co-Sponsor Rep. Patrick Sheehan
Added Co-Sponsor Rep. Brandun Schweizer
Added Co-Sponsor Rep. Jeff Keicher
Added Co-Sponsor Rep. Michael J. Coffey, Jr.
Added Co-Sponsor Rep. Travis Weaver
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