HB0290: Property tax reduction and replacement act.
Legislative Summary
AN ACT relating to taxation and revenue; establishing a property tax exemption for single family residential properties; providing a sales and use tax to provide funding to local governments due to the decrease in revenue from property tax exemptions; providing an exemption to the additional sales and use tax as specified; providing for the distribution of the sales and use tax; making conforming amendments; providing rulemaking authority; specifying applicability; authorizing reimbursement for other tax reductions; requiring a report; and providing for an effective date.
Demographic Impact
Overall analysis of equity impact
Unlock Full Demographic Insights
Go beyond the overall score.
Gain a deeper understanding of this bill's potential impact across diverse communities, including detailed breakdowns by category and subgroup. Access to this granular analysis helps ensure equitable outcomes.
Enable full analysis features for your organization.
Contact Sales to Learn MoreOr email us directly at sales@legiequity.us.
Bill History
Status Information
Sponsors
Primary Sponsor
