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Senate committee approves SB263 to raise Homestead Credit by $100
2840682 · February 26, 2025
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Summary
Senators passed SB263, as amended, to increase the Homestead Credit by $100. Sponsor Senator Steve Crow said the Homestead Credit Trust Fund from a 1990 voter action can sustain the increase; the committee adopted an amendment adding cosponsors before passing the bill by voice vote.
The Senate Revenue & Tax Committee approved SB263, as amended, to increase the Homestead Credit by $100.
Sponsor Steve Crow (Senator, District 3) told the committee that the Homestead Credit trust fund, created after a 1990 voter-approved tax measure, is solvent and can…
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