HB 587 — Jonesboro, City of; provide nonbinding advisory referendum to lower homestead exemption
House Date Signed by Governor
A BILL to be entitled an Act to provide for a nonbinding advisory referendum for the purpose of ascertaining whether the electors of the City of Jonesboro desire the governing authority of the City of Jonesboro to seek to lower the homestead exemption from all City of Jonesboro ad valorem taxes for municipal purposes over a period of time to the amount of $10,000.00 of the assessed value of the homestead for residents of that city; to provide for legislative purposes and findings; to provide for procedures and requirements relating thereto; to provide for related matters; to repeal conflicting laws; and for other purposes.
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