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Committee hears bill to expand senior and disabled property-tax relief; staff projects about 30,000 more households qualify
Summary
House Finance took testimony on Senate Bill 61-62, which would consolidate the state property levy and expand exemptions for low-income seniors, retired disabled persons and disabled veterans, streamline applications with a $7,500 standard deduction and is estimated to add roughly 30,000 eligible households, with modest state revenue shifts projected in later biennia.
Committee staff briefed members that Senate Bill 61-62 would consolidate the state property tax into a single levy, expand eligibility and increase income thresholds for the senior and disabled exemption program, and add a $7,500 per-person standard deduction to simplify applications. Staff said approximately 30,000 additional households would qualify and that the bill would be roughly revenue neutral in the near term but would shift some burdens between state and local levies in later biennia.
Prime sponsor (identified in the transcript as Senator for the 26th District) described the bill as an effort to…
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