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House advances Rosenzweig property tax‑deferral loan concept to appropriations after committee support
Summary
Representative Rosenzweig’s bill to create a state‑backed loan program to finance property tax increases for some seniors passed second reading in committee and was sent to appropriations for funding review.
Representative Rosenzweig presented House Bill 836 to the House Taxation/Committee of the Whole, proposing a state‑administered loan program to let eligible senior homeowners defer property tax increases that exceed 2022 base amounts. The sponsor said borrowers would be at least 62, own at least 20% equity, have lived in the home at least five years and would repay when they sell or through the estate; spouses could remain under the loan terms.
Rosenzweig told colleagues the program would be…
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