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Senate finance moves yield bill with full buy‑down and one‑year renter credit; roll call orders third reading
Summary
The Committee on Finance reported H949, setting the property tax yield, advising use of roughly $100 million to buy down property taxes, and adding a one‑year renter credit. The Senate adopted technical corrections and ordered third reading after a roll‑call vote (28–2).
The Senate Finance Committee presented H949, the annual yield bill that sets the property tax yield and adjusts related education‑finance provisions. Committee leaders said the Senate chose to use 100% of a previously set‑aside fund (roughly $100 million) to buy down property tax rates, which the chair said would reduce the average property tax increase to about 3.6…
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