Georgia's Senate plans to hold a hearing on Monday regarding a bill limiting the increases in home values for property tax purposes, while Republican House Speaker Jon Burns proposes doubling the state's homestead tax exemption. In addition, Texas voters approved a plan cutting taxes by $18 billion, Kansas endorsed larger exemptions to cut taxes by $100 million annually, and Colorado lawmakers passed measures to provide higher residential deductions and lower assessment rates. Pennsylvania is also using lottery proceeds to subsidize rent for seniors and people with disabilities. The text discusses the push from Republicans to keep tax revenues level by rolling back tax rates even when property values increase, and how this has led to a groundswell among state lawmakers to provide relief in response to voter discontent over higher levies.
Read this story from "Fortune" for free without being tracked.
https://read.distractionfree.site/fortune/2024/01/22/soaring-georgia-home-values-raised-real-estate-taxes-41-2018-lawmakers-cap-rise/
#TaxRelief #PropertyTaxes #HomesteadTaxExemption #KansasTaxCuts #ColoradoTaxReform #PennsylvaniaLotteryProceeds #StateLegislation
FuckBigNewsMedia
npub19v…mj236
2024-01-23 10:45:07
Author Public Key
npub19vqkmyttvpwpul5njms9ej6hgc30e2t03shnx9dzyvy4gwstcc4s0mj236Published at
2024-01-23 10:45:07Event JSON
{
"id": "65c6ae20cf40d8b38c096f2dd28e434eef89fdd826da8521c68e26b8cf2e7a4e",
"pubkey": "2b016d916b605c1e7e9396e05ccb574622fca96f8c2f3315a22309543a0bc62b",
"created_at": 1706006707,
"kind": 1,
"tags": [],
"content": "Georgia's Senate plans to hold a hearing on Monday regarding a bill limiting the increases in home values for property tax purposes, while Republican House Speaker Jon Burns proposes doubling the state's homestead tax exemption. In addition, Texas voters approved a plan cutting taxes by $18 billion, Kansas endorsed larger exemptions to cut taxes by $100 million annually, and Colorado lawmakers passed measures to provide higher residential deductions and lower assessment rates. Pennsylvania is also using lottery proceeds to subsidize rent for seniors and people with disabilities. The text discusses the push from Republicans to keep tax revenues level by rolling back tax rates even when property values increase, and how this has led to a groundswell among state lawmakers to provide relief in response to voter discontent over higher levies.\n\nRead this story from \"Fortune\" for free without being tracked.\n\nhttps://read.distractionfree.site/fortune/2024/01/22/soaring-georgia-home-values-raised-real-estate-taxes-41-2018-lawmakers-cap-rise/\n\n#TaxRelief #PropertyTaxes #HomesteadTaxExemption #KansasTaxCuts #ColoradoTaxReform #PennsylvaniaLotteryProceeds #StateLegislation",
"sig": "67c6ba7aaf4807897a2758f18868051a1111bd21c193694fdeea11b5c77bf9d7dfb48eaae0353a8c3749ce776fb7067c9c6a1bb122cb714402bfa312a0f4cd78"
}