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House passes bill raising circuit-breaker exemption for low-income senior homeowners
Summary
The Utah House on Feb. 24 approved substitute House Bill 425 to increase the residential exemption for circuit-breaker property-tax relief from 45% to 65% for qualifying elderly and fixed‑income homeowners; the bill passed the House 72‑0 and will go to the Senate.
The Utah House of Representatives approved substitute House Bill 425 on Feb. 24, a measure that raises the residential exemption used to calculate circuit‑breaker property‑tax relief for seniors and fixed‑income homeowners from 45% to 65%. Sponsor Representative Raymond W. Short framed the bill as targeted relief for elderly Utahns on fixed incomes who have seen large property‑valuation increases in recent years and said the change would roughly restore taxes to levels…
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