59-2-901 - Determination of rate by commission -- Transmittal to county and state auditors.
59-2-901. Determination of rate by commission -- Transmittal to county and stateauditors.
Before June 22 of each year the commission shall determine the rate of state tax to belevied and collected upon the taxable value of all property in the state sufficient to raise theamount of revenue specified by the Legislature for general state purposes. That rate may notexceed .00048 per dollar of taxable value of taxable property in the state. The commission shalltransmit to the county auditor of each county and to the state auditor a statement of that rate. Thecounty auditor shall, upon receipt, give the commission written acknowledgment of receipt.
Amended by Chapter 3, 1988 General Session