| 1 | Representative Lopez-Cantera offered the following: |
| 2 |
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| 3 | Substitute Amendment for Amendment (212809) ( ballot |
| 4 | amendment) |
| 5 |
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| 6 | ----------------------------------------------------- |
| 7 | B A L L O T A M E N D M E N T |
| 8 | Remove lines 59-67 and insert: |
| 9 | PROPERTY TAX LIMIT.--Proposing an amendment to the State |
| 10 | Constitution to limit total property taxes collected on any |
| 11 | parcel of real property to 1.35 percent of the highest taxable |
| 12 | value of the property, exempt from the limitation property taxes |
| 13 | levied for the payment of bonds and taxes imposed for a period |
| 14 | of 2 years or less when approved by the voters, and require the |
| 15 | Legislature to provide for distribution of property tax revenues |
| 16 | derived from parcels for which the total amount of property |
| 17 | taxes levied exceeds 1.35 percent of the highest taxable value |
| 18 | of the property. |