Senate Revenue & Tax committee adopts amendment to House Bill 1321 but rejects the bill as amended

The Senate Revenue & Tax Committee met and considered House Bill 1321, which Representative Fife presented with a newly circulated amendment. The committee adopted the amendment by voice vote, with Senator Tee moving to adopt and Senator Bledsoe seconding.

Representative Fife told the committee the amended bill removes a formula that had been proposed for study. She said the property tax relief fund currently holds $104,000,000 and described options for funding or cutting related taxes; she invited questions from committee members but members primarily reviewed the redlined draft.

Committee members took time to confirm which pages and provisions had been deleted in the amendment. Representative Fife said she removed the previously contentious study formula and that the body would continue studying whether to reduce property tax or adjust the sales tax mechanism that funds the relief program.

After closing remarks from Representative Fife, the committee voted on passage of House Bill 1321 as amended. The chair announced that the bill failed to pass as amended. The record shows the amendment was adopted earlier in the meeting, but the subsequent motion to pass the bill as amended did not carry.

The committee moved on to Senate business and adjourned. No public commenters were recorded as speaking on HB1321 during this meeting.