House Revenue Committee keeps long-term homeowners exemption, adds implementation changes and caps high-end benefit

The committee removed the sunset on House Bill 45 to make the long‑term homeowners property tax exemption permanent, moved claimant notification to March 1 to appear on the April assessment notice, added language to credit months lived in two owner-occupied homes toward eligibility, and approved a $3 million fair‑market-value cap; final committee vote passed 7–0 with two conflicts.