HB 1261 creates a one-time property tax credit of up to $500 for owners of single-family homes on their 2027 property tax bills. The state will fund this credit using $60 million transferred from the housing infrastructure fund and $60 million from the budget reserve fund, totaling $120 million in appropriations to the Department of Revenue.
AI-generated summary
This bill does not directly amend codified state law.
Committee on Appropriations Do Pass Amended Passed, YEAS 11, NAYS 6. J. 27
Committee on Appropriations Motion to amend J. 27
Committee on Appropriations Scheduled for hearing J. 1
First read in House and referred to Joint Committee on Appropriations H.J. 207
Prime sponsor · Rep
R
Dist. HD-025
cosponsor · Rep
R
Dist. HD-006
cosponsor · Sen
R
Dist. SD-003
cosponsor · Sen
R
Dist. SD-018
cosponsor · Rep
R
Dist. HD-025
cosponsor · Rep
R
Dist. HD-031
cosponsor · Rep
R
Dist. SD-034
cosponsor · Rep
R
Dist. HD-028
Do Pass Amended
Do Pass Amended