AB 724

Under current law, for purposes of calculating a municipality's expenditure

restraint program payment, the Department of Revenue (DOR) reports the

appropriate change in the consumer price index to the Joint Committee on Finance

on November 1. This bill changes the November 1 deadline to October 1.

Under current law, certain computers and computer-related equipment are

exempt from the property tax. Under current law, each taxing jurisdiction where

such tax exempt property is located receives a payment from the state to compensate

the taxing jurisdiction for the property taxes that the jurisdiction would otherwise

have imposed on the computers and computer-related equipment. No later than

October 1 of each year, DOR notifies each taxing jurisdiction of the value of such

property located in the taxing jurisdiction. The bill changes that deadline to

September 15.

Under current law, the department of transportation (DOT) administers a

general transportation aids program that makes aid payments to cities, villages,

towns, and counties. These aids may be used for a variety of transportation-related

expenditures. Under the program, DOT must provide to DOR by October 1 certain

information about the aids paid under the program to each city, village, town, or

county. This bill changes that deadline to September 15.