This bill creates a new state fund dedicated to providing property tax rebates for homeowners with owner-occupied single-family dwellings. The Department of Revenue will manage the fund, which will be built through budget appropriations and cannot be transferred to the state's general fund. Any interest earned on money in the fund stays in the fund to support future homeowner tax relief.
AI-generated summary
Taxation Tabled Passed, YEAS 4, NAYS 0. S.J. 17
Taxation Scheduled for hearing
First read in Senate and referred to Senate Taxation S.J. 170
Prime sponsor · Sen
R
Dist. SD-031
Tabled
Tabled