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Revenue committee discusses senior property tax deferral transfers, outreach amendment
Summary
During a May 6 work session the House Revenue Committee reviewed three related bills affecting senior property tax deferral and senior housing funds, discussed a one-time outreach appropriation and carried the bills over for a future motion.
The House Committee on Revenue held a work session May 6 to review three related measures affecting senior housing and the homestead property tax deferral program: House Bill 3589 A, House Bill 3506 A (with a -3 amendment), and House Bill 3712 (dash 1 amendment described).
Committee staff summarized each proposal. HB 3589 A would transfer an estimated $4 million of excess funds from the Senior Property Tax Default Revolving Account to the Senior Housing Development Initiative in January 2026, require an annual solvency review beginning in 2027,…
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