Counties can now choose to impose a new tax on gross receipts (money businesses take in) to help reduce property taxes on homes that owners live in. The bill requires property tax bills to separately show homeowners how much of their property tax reduction comes from this new county gross receipts tax, starting in 2028. This gives counties a new tool to shift some tax burden from homeowners to businesses.
The bill's section numbering was updated from 26.473.26 to 26.473.27, and the engrossed version designation was added to the bill header.
The amendment changed the bill's codification number from 26.473.27 to 26.473.28 and removed legislative markup indicators, converting the engrossed version to enrolled status.
Other amendments
Signed by the Governor S.J. 548
Delivered to the Governor S.J. 520
Signed by the Speaker H.J. 553
Signed by the President S.J. 505
House of Representatives Do Pass Amended Passed, YEAS 48, NAYS 19. H.J. 528
State Affairs Do Pass Passed, YEAS 12, NAYS 1.
State Affairs Scheduled for hearing H.J. 1
House of Representatives Referred to House State Affairs H.J. 446
First Reading House H.J. 423
Senate Do Pass Amended Passed, YEAS 20, NAYS 14. S.J. 359
Senate Motion to amend S.J. 358
Senate Deferred to another day S.J. 338
Taxation Do Pass Passed, YEAS 7, NAYS 0. S.J. 15
Taxation Scheduled for hearing S.J. 1
First read in Senate and referred to Senate Taxation S.J. 67
Do Pass Amended
State Affairs — Do Pass
Do Pass Amended
Taxation — Do Pass