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Senators reject amendment to increase targeted property-tax relief; H.491 passes on roll call 26-2
Summary
An amendment to use reserve funds to increase income-sensitized property tax credits was defeated after a finance committee review; the Senate then passed H.491 (homestead property tax yields and non-homestead rate) in concurrence by a 26-2 roll-call vote.
Senators voted down an amendment to H.491 that would have redirected reserve funds to increase the property-tax credit for income-sensitized households and then passed H.491, which sets homestead property-tax yields and the non-homestead property-tax rate.
A senator from Chittenden Central introduced the amendment, saying it would increase the property-tax credit to offset tax increases for income-sensitized households while reserving roughly $69 million of the $77 million set aside to…
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