HB1129

Who Might Suffer?

The primary entity negatively impacted by this bill is the state and local government revenue base, specifically county and school district tax collections. By expanding the eligibility for property tax exemptions, local jurisdictions will experience a decrease in property tax revenue that would have otherwise been collected from these larger landholdings. To the extent that these tax revenues fund local public services, other taxpayers may potentially face higher tax rates or reduced public services to compensate for the lost revenue.