House Bill 1782
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DIGEST OF INTRODUCED BILL
Property tax credit for excessive homestead taxes. Establishes, subject to approval by the county fiscal body, a credit for property taxes on a homestead in the amount by which the taxes exceed 2% of the assessed value of the homestead. Authorizes the county to borrow money to fund the credit, subject to repayment over not more than five years by the county and political subdivisions in the county.
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