Committee trims House Bill 1168 to 10‑mill property tax buydown and advances measure

Summary

The House Finance and Taxation Committee amended House Bill 1168 to reduce a proposed mill‑levy buydown to 10 mills, approved the change by roll call and recommended the bill for passage with that change. Sponsors and tax officials discussed fiscal notes and how the measure would interact with existing school mill limits.

House Finance and Taxation Committee Chairman Hedlund on Thursday advanced House Bill 1168 after the committee adopted an amendment that cuts the bill's mill‑levy buydown to 10 mills.

Representative Lausser, the bill's sponsor, told the committee the amendment before members would change his earlier 30‑mill proposal to a smaller buy‑down and that he planned to return in a later session for additional relief. "The amendment that I'm bringing before your committee would be a 30 mil buy down for all property types," Representative Lausser said when presenting his initial change; later amendments reduced that to 10 mills.

The committee discussed fiscal estimates and statutory interaction: committee members and staff referenced earlier fiscal notes, school district mill caps and where the bill's language fits in the code. Representative Lausser described…

Committee trims House Bill 1168 to 10‑mill property tax buydown and advances measure

Summary

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