FuckBigNewsMedia on Nostr: Georgia's Senate plans to hold a hearing on Monday regarding a bill limiting the ...

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.

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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