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Senate forces vote on property-tax rewrite; amendment keeps 45% residential exemption, bill fails on floor
Summary
After lengthy floor debate on bifurcating the residential property tax exemption, the Senate adopted an amendment preserving a 45% exemption for residential property used as housing, but a forced vote on the broader bill failed by one vote and the measure will be returned to staff for filing.
Senate Bill 97, a broad package of tax-revenue and property-tax changes, drew prolonged floor discussion before the Senate rejected a forced passage of the measure.
Sponsor Senator McKay explained that the bill clarifies new-growth calculations, addresses reserve balances at local government levels, and proposed bifurcating the residential tax exemption so…
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