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Senate concurs with House amendment to H.887 on homestead yields; sends action to House
Summary
The Senate voted to concur with the House proposal amendment to H.887, a bill addressing homestead property tax yields, nonhomestead rates and education finance; senators debated commission structure, tax-credit mechanics and protection for vulnerable taxpayers before an 18–8 result was announced and the action messaged to the House.
The Senate on a late-night session agreed to concur with the House proposal amendment to H.887 — a bill addressing homestead property tax yields, nonhomestead rates and changes to education finance and taxation — and sent the action to the House.
Senator from Chittenden Central moved that the chamber take up H.887 for immediate consideration. The presiding officer suspended rules to allow consideration and the Senate proceeded to debate the measure and the House proposal amendment.
Senator from Washington, who outlined the bill’s recent history, said the measure incorporates the Senate’s education finance concept into a larger, multi-member commission that will include a finance subcommittee. “We would raise that to 3.8 percent and…
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