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Joint conference committee moves to adopt Senate File 69 report after amendment cutting exemption to 25%
Summary
Members of a joint conference committee moved to adopt the Joint Conference Report on Senate File 69 after agreeing to amend a tax exemption from 50% to 25%, remove a backfill, omit a sunset provision and set an immediate effective date; a roll call began but the final tally was not recorded in the transcript.
A joint conference committee on taxes moved to adopt the Joint Conference Report on Senate File 69 after agreeing to an amendment that reduces a proposed tax exemption from 50% to 25% and makes related changes.
Committee member 1, speaking during debate, summarized the amendment as written: "we would agree on 25%. We would delete 50% and insert 25%. That there would be no backfill. That the, that there would be, no sunset to this. The effective date would be immediate." Committee member 1 also described the second-year rule appearing on page 2, line 20: beginning with tax year 2026, a requirement would apply to single-family residential structures that are owner occupied.
The discussion included concern about a…
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