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Committee approves dash‑6 of HB 186 to cap unvoted growth, add retroactive credits for 20‑mill‑floor properties
Summary
The committee accepted a substitute (dash‑6) to HB 186 that would cap unvoted tax growth for properties in 20‑mill‑floor school districts at the rate of inflation and create a retroactive credit calculated from 2022 increases; sponsors estimate nearly $500 million in credits next year and roughly $1.7 billion over three years, while opponents warned retroactivity and lack of state offsets could harm districts.
The House Ways and Means Committee voted to accept a dash‑6 substitute to House Bill 186, which would cap unvoted revenue increases tied to the 20‑mill floor at the rate of inflation and provide a retroactive credit for past spikes.
Vice Chair Thomas and Representative Hoops jointly described the substitute as a two‑part strategy: (1) limit future unvoted growth for 20‑mill‑floor properties to inflation, and (2) calculate a…
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