MACo Opposes Bill to Subvert Homestead Tax Credit
On February 13, 2024, Legislative Director Kevin Kinnally testified before the House Ways and Means Committee in opposition to HB 220- Homestead Property Tax Credit- Calculation of Credit for Dwelling Purchased by First-Time Homebuyer. This bill would open up property tax savings under the Homestead Property Tax Credit to be “portable” for specified homeowners. This dramatically undermines the longstanding policy purpose of the credit – to ensure stability in tax bills after purchase. From MACo Testimony: Counties…