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Committee advances SB 3 to adjust property-tax-related rate from property tax relief fund
Summary
Senator Steve Crowell introduced SB 3 to increase a property-tax-related figure from ‘4.25’ to ‘5.00’ and fund it from the property tax relief fund supported by a 0.5 sales-tax special revenue stream; the committee passed the bill by voice vote.
Senator Steve Crowell introduced SB 3 to the Senate Revenue & Tax committee, describing the bill as a property-tax-related adjustment that would increase the reported rate from 4.25 to 5.00 and draw the change from the property tax relief fund, which Crowell said is backed by a 0.5 percent sales-tax special revenue stream.
Crowell described the proposal briefly to the committee and asked whether there were questions; none were raised from members in the transcript. After a short presentation, Crowell moved to pass the bill and Senator Caldwell seconded. The committee approved the motion by voice vote; no roll-call tally was recorded in the transcript.
The committee gave unanimous procedural approval in this hearing. The bill will proceed to the Senate calendar for further consideration and potential amendment.
