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Conference committee approves amendment to House Bill 1176 increasing legacy share, cutting credit value
Summary
A conference committee approved an amendment to House Bill 1176 that raises the legacy-bucket percentage from 25% to 30%, reduces the individual credit value to 1,600, and sets a $408.9 million appropriation from the legacy property tax fund; committee leaders said the amendment resolves the committee's remaining disagreements.
The conference committee on House Bill 1176 voted to approve an amendment that increases the legacy-bucket allocation to 30 percent, reduces the individual tax-credit value to 1,600 and sets a $408,900,000 appropriation from the legacy property tax fund, committee members said.
The amendment before the committee was filed as amendment 25.10030.04016 and was approved on a voice vote after Senator Weber moved its adoption and Representative Natey seconded the motion. Chairman Hedlund called the motion carried following the clerk's roll call.
The committee said the amendment makes three substantive…
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