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Committee amends HB1168 to cut required levy from 60 to 50 mills across property classes
Summary
The House Finance and Tax Committee amended House Bill 1168 to reduce the legislature-required mill levy from 60 to 50, a 10-mill reduction applying to all classes of property, and approved an amendment that identifies funding buckets for the measure.
Representative Craig Hedlund, chairman of the House Finance and Tax Committee, told members the committee amended House Bill 1168 to provide a 10-mill reduction “across all classes of property.”
The change reduces the statutory required levy from 60 mills to 50 mills. Committee discussion and a subsequent amendment focused on how the buy-down would be funded and on limits for future mill increases by local political subdivisions.
Committee sponsor Representative Louser described the bill’s structure and a related amendment (7,001) that would identify specific funding sources. “The funding source deliberately was left open on this bill,” Louser said, and he told members he had discussed a funding approach…
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