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Senate panel approves modest homestead-credit increase and one-time transfers to fund voting equipment
Summary
The Revenue & Tax Committee approved measures that raise the homestead tax credit from $350 to $375, direct county and city reimbursements and authorize a one-time transfer from the property tax relief trust fund to help counties buy voting equipment; the bill also authorizes sweeping excess funds to general revenue after minimum reserves are maintained.
The Senate Revenue & Tax Committee on voice votes approved legislation to raise the state homestead tax credit and to authorize transfers from the state’s property tax relief trust fund to reimburse local governments and pay for election equipment.
Senator Hendren, who presented Senate Bill 447, said the measure increases the homestead credit from $350 to $375 and would cost “a little over $12,000,000 a year,” while preserving an administrative hold‑harmless distribution to cities and counties.…
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