Property tax relief reform bills 2.xlsx

	A	B	C	D	E
1	Active Property Tax Relief and Reform Bills
2	Bill Number	Bill Progress	Relief	Reform	Other
3	HB1168	In Senate Tax	State pays for 10 mills on school mill levy. $120 million	3% cap on dollars levied by political subdivisions (except schools) allows carryover of unused cap to next year & for vote (60%) to exceed cap
4	HB1176	Do Pass - Senate Finance & Tax Referred to Senate Appropriations	$1,450 Primary Residence Credit. Expands homestead tax credit & renters refund. $500 million	3% cap on dollars levied by political subdivisions. Allows for carry over of unused cap - once within 5 years and vote to exceed cap in general election for 4 years. Emergency levies exempt from cap.	Yearly assessment notice Only hearing dates mailed to property owners - eliminates estimated tax notice.
5	HB1534	In Senate Tax	None	Limits taxable valuation of any parcel from exceeding more than 3% year over year allows to exceed cap by % for 4 years.
6	HB1575	In Senate Tax	Reduces tax rates (state pays difference) Residential reduced by 2.75% Ag and Commercial reduced by 1.5%. Expands homestead tax credit & renters refund. $700 million	Limits taxable valuation of any parcel from exceeding more than 3% year over year. Allows vote to increase mill levy authority for up to 6 years in general or primary.
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