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Senate passes HB 11 76 setting $1,600 primary-residence credit and tying relief to legacy earnings

3188815 · May 2, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Senate adopted and passed House Bill 11 76, which raises a property tax credit to $1,600, removes a 'skin in the game' provision, and funds the program by linking appropriations to legacy earnings; sponsors called it meaningful and sustainable.

The Senate adopted and passed House Bill 11 76, a comprehensive property-tax relief and reform bill that sets the primary-residence credit at $1,600, removes a so-called “skin in the game” provision, and ties funding to legacy-fund earnings.

Senator Weber, presenting the conference committee report, said the committee made three changes: raised the primary-residence credit to $1,600, removed the skin-in-the-game requirement,…

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