H 885·ID·house
TAXATION – Amends existing law to revise provisions regarding the homestead property tax exemption.
FailedFiled Mar 12, 2026
Sponsor: REVENUE AND TAXATION COMMITTEE
Latest Action
U.C. to be returned to Revenue & Taxation Committee
Mar 18, 2026
Summary
The bill would let owners claim a tax break on the first $125,000 of a home’s market value, or half the home’s value, whichever is lower, if the property is their primary residence. It adds detailed paperwork, certification, and enforcement steps, and sets penalties for duplicate or false claims. The measure failed and was sent back to the Revenue & Taxation Committee.
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