(a) When a municipality issues a property tax bill to each taxpayer, each bill shall state the amount by which the taxpayer's rate of tax has been reduced by the distribution of state municipal revenue sharing and state aid for education. The bill shall also state the total amount of state municipal revenue sharing and state aid for education received by the municipality from the state. The statement shall read as follows:
Fiscal Year 19 _________ State Aid to City/Town of _____________________________________
Total Amount _____________
Tax rate reduced by _________
(b) The director of revenue shall annually provide each municipality with the amount of state municipal revenue sharing and state aid for education subject to identification under this section.
History of Section.
P.L. 1987, ch. 118, art. 21, § 1; P.L. 2008, ch. 98, § 38; P.L. 2008, ch. 145, § 38.