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Committee adopts substitute narrowing property tax changes and expands senior exemptions
Summary
Substitute Senate Bill 5,798 was recommended out of committee after sponsors removed a proposed growth limit change and consolidated the state levy into a single rate while expanding senior property tax relief eligibility and providing a new standard deduction option.
The Senate Ways & Means Committee on April 18 voted to advance substitute Senate Bill 5,798 after the adoption of proposed substitute 19, which narrowed the bill by removing a provision that would have increased the property tax growth limit for state and local levies.
Under the adopted substitute, the bill consolidates part 1 and part 2 of the state levy into a single integrated property tax and sets a consolidated rate in calendar year 2026 at an amount that reflects revenue reductions from exempting…
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