Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Senate Finance committee advances H.949 after amendment to expand renter credit
Summary
The Senate Finance Committee voted to adopt amendment 5.1 to H.949, expanding a renter tax credit and adjusting related property-tax calculations; the amendment was adopted 7-0 and the committee approved the bill as amended to be reported out of committee.
The Senate Finance Committee voted to adopt amendment 5.1 to H.949 and approved the bill as amended, the committee chair said after a recorded 7-0 vote.
The amendment, presented by a committee presenter, would expand the state—s renter tax credit in two ways: raising the statutory cap and changing the maximum calculation used to set the credit from 10% of fair market rent to 12.5% of fair market rent, according to the presenter—s walkthrough. Committee materials shown in the meeting also included an Ed Fund outlook that listed a $4,000,000 general-fund transfer line and a hypothetical $100,900,000 total that, if used to…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
