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Finance committee rejects last-minute amendment to replace HB1176 with broader homestead tax cut; lawmakers to consider negotiated alternative
Summary
During the House Finance and Tax Committee session lawmakers debated an attempt to swap the bill’s text for a 60% primary-residence homestead tax credit; the amendment failed and the committee chair signaled a different negotiated proposal would be offered.
Members of the House Finance and Tax Committee debated a proposed amendment that would have replaced House Bill 11 76 with a direct homestead tax credit set at 60% of the primary-residence property tax (a variant of proposals to reduce property-tax burdens). Representative Steiner moved the late-filed amendment, saying he preferred a 70% credit but had chosen 60% to match available funding and to avoid requiring homeowners to apply…
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