AN ACT REQUIRING A STUDY OF THE WAYS IN WHICH MUNICIPALITIES MAY PROVIDE PROPERTY TAX RELIEF.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

Section 1. (Effective from passage) The Legislative Program Review and Investigations Committee shall conduct a study of the ways in which municipalities may provide property tax relief and shall submit its findings and recommendations to the joint standing committee of the General Assembly having cognizance of matters relating to municipalities on or before January 3, 2013. Such study shall include, without limitation, an analysis of (1) how regionalism efforts may be used to reduce property taxes, and (2) alternative revenue sources for municipalities.