Citizen Portal
Sign In

Get Full Government Meeting Transcripts, Videos, & Alerts Forever!

Get email alerts on the Tax Policy topic

No spam. Unsubscribe anytime.

House advances property tax ‘circuit breaker’ increase, sends HB83 to Senate

Utah House of Representatives · February 10, 2009
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

HB83 raises the top circuit-breaker income threshold from $28,545 to $33,000 and extends eligibility for an extra 20% residential exemption; sponsor estimated a roughly $160,000 fiscal note. The House passed HB83 unanimously, 73–0, and will transmit the bill to the Senate.

The Utah House on Feb. 10 approved HB83, which adjusts the state’s property-tax relief 'circuit breaker' to reflect recent growth in residential real estate values.

On the floor, a representative explained that HB83 raises the highest income eligibility bracket from $28,545 to $33,000 and restores eligibility for an additional 20% residential exemption for homeowners whose income falls at or below that new bracket. The sponsor described the change as an effort to keep the circuit breaker aligned with housing appreciation that in recent years outpaced the Consumer Price Index.

The sponsor said the fiscal cost would be modest and indicated lawmakers were seeking roughly $160,000 to cover the change; he asked for members’ support. With no further floor debate, the House voted 73–0 in favor of HB83. The bill will be transmitted to the Senate for consideration.

Next steps: the Senate will consider the bill; if enacted, eligible homeowners would see expanded circuit-breaker eligibility and access to the additional residential exemption.