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Committee accepts substitute to limit voter approval to decreases in municipal reciprocity credits
Summary
The House Ways and Means Committee accepted a substitute to House Bill 503 that removes a retroactivity clause and requires voter approval only when municipalities decrease reciprocity credits (and requires votes on rate or credit limits), while sponsors said the change returns decision-making power to voters for reductions only.
Chairman Romer brought House Bill 503 (municipal income tax reciprocity credits) forward for its fourth hearing and described a substitute that removes a provision that would have made post‑August changes null and void and instead restricts voter referendum requirements to…
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