This bill creates a new homeowner tax reduction fund and directs the state to deposit at least $100 million annually into it from sales tax and other state tax revenues. Money in this fund will be used to provide property tax rebates to owners of single-family homes, rather than going into the state's general fund as it does now. The Department of Revenue will manage the fund, and any spending from it must be approved through the state budget process.
AI-generated summary
Senate Do Pass Amended Failed, YEAS 16, NAYS 17. S.J. 375
Senate Placed on calendar pursuant to JR 6F-6 Passed, YEAS 20, NAYS 14. S.J. 271
Taxation Report out of committee without recommendation as amended
Senate Recalled from committee (Rule 7-7) Senate Taxation S.J. 247
Taxation Deferred to the 41st legislative day Passed, YEAS 4, NAYS 3. S.J. 11
Taxation Do Pass Amended Failed, YEAS 3, NAYS 4. S.J. 11
Taxation Motion to amend S.J. 10
Taxation Scheduled for hearing
First read in Senate and referred to Senate Taxation S.J. 112
Prime sponsor · Sen
R
Dist. SD-008
cosponsor · Sen
R
Dist. SD-030
cosponsor · Sen
R
Dist. SD-005
cosponsor · Rep
R
Dist. SD-014
cosponsor · Sen
R
Dist. SD-031
cosponsor · Sen
R
Dist. SD-017
cosponsor · Sen
R
Dist. SD-007
Timothy Goodwin
cosponsor · Rep
R
Dist. HD-030
Do Pass Amended
Placed on calendar pursuant to JR 6F-6
Do Pass Amended
Deferred to the 41st legislative day
Do Pass Amended