HB 279 – Property Tax Exemptions-Order of Application
We Support This Bill.
Summary: AN ACT relating to property taxation; specifying that if multiple property tax exemptions apply to the same property the exemptions shall be applied in the manner determined by the department of revenue; specifying requirements for the order of application of exemptions; and providing for an effective date.
Why It Matters: With all of these proposed property tax bills, there is a lot of confusion by both the homeowner and the Department of Revenue as to how they might be carried out. Additinally, stacking exemptions could also lead to much larger, negatively impactful tax breaks than intended. This could have real repercussions on the services so important to women and communities. This bill allows the Department of Revenue flexibility in determining the order of those excemptions and to modify the exemptions based on previous exemptions.