Creates the middle class circuit breaker tax credit and a tax reform study commission

Summary

The bill adds a new “middle class circuit breaker” credit to the state tax code. It helps residents who own or rent their home and have lived there at least five years by refunding a portion of property taxes—or a rent‑based equivalent—if those costs are higher than a set percentage of their household income. The credit is paid as an over‑payment without interest.

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