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Conference committee reviews array of tax bills: child-care credit changes, ethanol and gun-storage credits, homestead protections, county sales-tax formula
Summary
Staff and conferees reviewed multiple conference bills: SB521 would restructure a child-care tax credit to 75% with a $100,000 cap and a new employer-contribution option; SB498 contains a 5-cent-per-gallon ethanol credit capped at $2.5 million and a $250 gun-storage credit; SB402 would increase homestead refund caps and bar tax-sale forced sales for qualifying seniors.
Mr. Pennant, a committee presenter, distributed an updated conference list and walked conferees through multiple tax-related bills before the committee.
He described Senate Bill 33's change to countywide sales-tax apportionment: an additional one-year extension of the current freeze and, after that, replacing the "taxes levied" portion of the formula with a share based on taxable value divided by the county's sum of taxable values, with population remaining part of the formula.
On SB521 (child-care credits), Mr. Pennant said the Senate version restructures the existing staggered-percent credit into a fixed 75% credit for qualifying…
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