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Senator Huffsteller says SB382 will speed property-tax availability and restore prior opt-in increase
Summary
Senator Huffsteller described SB382 as restoring a prior Senate action on an opt-in homeowner increase and accelerating distribution of revenues from a so-called 'floss' tax so affected counties would see the change on property tax bills this year.
Senator Huffsteller summarized Senate Bill 382 as a bill to restore an earlier Senate action and to accelerate the timeline for availability of revenues from a county-level "floss" tax so homeowners in affected counties would see the change on property tax bills this year. "This bill will restore what the senate passed in February 2024 by 42 7 vote ... it's just for homeowners only," Huffsteller said.
Huffsteller said the change would move money that otherwise would not be available until November to appear on property tax bills by June 30 of the current year, and that roughly 34 counties already have enacted the local tax measure. The senator framed the bill as speeding the local availability of funds to homeowners in those counties.
No formal vote on SB382 was recorded in this meeting; the measure was listed on the consideration calendar for further action tomorrow.
