Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Senate panel advances sweeping property-tax overhaul to prioritize homeowner relief and cap revenue growth
Summary
A Senate Appropriations subcommittee reviewed and advanced large tax-reform language in HB 1116 that would convert some local sales taxes into a homestead-first credit, add a 3% or CPI revenue cap, require enhanced taxpayer notices and new referendum timing; local officials urged revisions to distribution formulas and carve-outs for emergencies.
Chairman Blackman said the committee would consider House Bill 1116, the "Homeownership Opportunity Equalization Act of 2026," a multi-part package aimed at reducing homeowner property-tax burdens and changing how some local sales taxes are used.
"We've all heard from constituents the unsustainable path that property tax is on and the burden that it is on our homeowners," Chairman Blackman said, urging the committee to consider options that provide predictability and relief.
The proposal consolidates several changes into one bill. Key provisions presented by the sponsor include converting certain local-option sales taxes (LOST) into an LHOST/ELHOST mechanism that would apply revenue first to homestead property-tax credits, clarifying state and local sales-tax caps, creating a 3%-or-CPI ad valorem revenue cap for local governments (with limited…
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
