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GIFT Act would create $210 million rural revenue fund to offset green-belt losses, sponsor says
Summary
Representative Doggett presented the GIFT Act to establish a one-time $210,000,000 rural revenue equity fund, prioritized by green-belt acreage, to help rural counties offset tax-base reductions; committee amended and sent the bill to Finance (15-0).
Representative Doggett presented the GIFT Act (House Bill 23-75) as a targeted measure to return supplemental revenue to rural counties whose tax base is reduced by green-belt valuations. He described a scoring rubric that prioritizes counties with large shares of green-belt acreage and said the proposal would appropriate $210,000,000 one time from the general fund to establish the rural revenue equity fund.
Doggett said the bill is intended to make rural counties more competitive and to reduce the pressure on residential taxpayers. An amendment prioritizing counties with 70% or more green-belt acreage was adopted; the committee voted to send the bill to Finance (15-0).
