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Senate approves measure switching property tax "circuit breaker" from forgiveness to deferral
Summary
The Utah Senate passed a bill changing the property tax circuit-breaker program from a forgiveness model to a deferral for qualifying older homeowners, after lawmakers debated eligibility rules, interest rates and concerns about effects on heirs.
The Utah Senate on a voice-verified roll call voted to pass first substitute Senate Bill 197, replacing a property-tax forgiveness program with a deferral option for qualifying homeowners.
Senator McKay presented the measure as a way to preserve homeownership for older residents who lack liquid cash to pay property taxes while reducing the long-term fiscal pressure on counties and other taxpayers. Under the bill as presented, homeowners age 65 or older with household income below $55,000 and household liquid resources below 20 times the base-year property tax who have owned the property at least one year may apply to defer changes above…
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