Two Republican tax-cut proposals are advancing toward a full House vote while the governor’s $400 rebate plan stalls.
The House Taxation Committee on Monday advanced a plan to cut the statewide property tax assessment. The panel also backed a reduction in the business-equipment tax by exempting companies’ first $250,000 in equipment.
Committee chairman Mike Miller says the full House will consider both proposals soon.
But Miller says the committee will sit on Gov. Steve Bullock’s proposed $400-per-homeowner tax rebate. The measure has not been the preferred choice of Republicans.
Miller says the measure could be acted on later in the session or perhaps included in another bill.
The Republican says competing tax-cut proposals are still alive and will need to be prioritized at session’s end.