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Amend the bill by striking out the title and substituting the following:
‘An Act To Support Lower Property Taxes by Stabilizing State-Municipal Revenue Sharing’
Amend the bill in section 1 in subsection 5 in the 7th line (page 1, line 10 in L.D.) by striking out the following: "3% and for fiscal year 2018-19 the amount transferred is 4%" and inserting the following: '2.125%, for fiscal year 2018-19 the amount transferred is 2.25%, for fiscal year 2019-20 the amount transferred is 2.375% and for fiscal year 2020-21 and subsequent years the amount transferred is 2.5%'
 
SUMMARY
This amendment removes language from the bill increasing the percentage of the tax base transferred for state-municipal revenue sharing from 2% to 3% in fiscal year 2017-18 and 4% in fiscal year 2018-19. The amendment instead increases that percentage from 2% in fiscal year 2016-17 to 2.5% in fiscal year 2020-21 and maintains that percentage in subsequent years.
FISCAL NOTE REQUIRED
(See attached)