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Committee rejects twice‑amended property tax exemption for low‑income homeowners; motion to table passes
Summary
The committee adopted two amendments to HB 461 — one tying a new base year to market declines and one setting an income eligibility at 150% of the federal poverty level — but the committee voted down the bill on roll call and then tabled it.
The House Taxation Committee considered House Bill 461, adopted two amendments and then voted against the bill on a roll call. Committee members later voted to table the measure.
Amendment 461.1.1 added a new subsection providing that if market value of property drops, the new market value would become the base‑year value for exemption calculations. Miss Moore, presenting the amendment, said, “amendment 1.1 adds a new subsection 2c on…
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