Property and local income tax.

Summary

The bill stops property taxes used to pay debt on certain bonds or lease payments from being counted when calculating a homeowner's supplemental homestead credit. It also changes the expiration schedule for county and municipal income‑tax rates so they end on Dec. 31, 2029 and then every fourth year thereafter. The measure would affect property owners claiming the credit and local governments that levy the income tax.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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