The state Senate has passed a pair of property tax relief measures.
The first one boosts state aid to local schools, and lowers the required local property tax for schools from the current 60 mills to 40 mills. That bill passed on a 42 to 4 vote.
A second bill – SB 2136 – expands the eligibility for the homestead tax credit. That’s available to anyone 65 or older – but current law has several income thresholds. The bill makes it one income threshold of $100,000, and any eligible person who makes under that level would be eligible for the full $9000 credit. That bill passed on a 45 to 1 vote.
Both measures will now be considered in the House.
NDPPR / KNOX
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