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Committee adopts amendments to cap inside millage increases and to harmonize caps across local governments
Summary
The House Ways and Means Committee accepted amendments to House Bill 186 and House Bill 335 to limit inside millage increases to an inflationary cap tied to the three-year revaluation cycle and to avoid penalizing entities that voluntarily reduce tax rates.
The House Ways and Means Committee on Oct. 30 adopted amendments to two bills that would limit increases in inside millage and harmonize caps across local governments.
Representative David Thomas explained an amendment to House Bill 186 that ensures entities that voluntarily reduce tax rates are credited and that such reductions are accounted for when calculating January credits. The…
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