28
Apr

Final Day: Graduated REET & Wrap-Up

The final days of the Session finally made public both budgets and new ways to pay for them. One component of this was SB 5998, the graduated real estate excise tax (REET). Conceptually, the bill is very simple: lower the REET on lower-value properties to help lower-income buyers afford to buy property. The rate rises (graduates) on higher-income properties because

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22
Apr

Final Stretch!

This week brought a lot of news, as the final weeks of Session often do. The wrongful death bill, SB 5163, was passed by the House and is expected to be signed into law by the Governor shortly. Despite coming close, we were unable to get any changes to the bill to limit liability to only the amount for which

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30
Mar

Happy Budget Week (With Miscellaneous Updates, Too)!

Both the House and Senate unveiled their budgets this week, and there is a lot to digest. For elections, neither budget funds the “even year” elections, which is the status quo but is also disappointing given how hard we have worked with the Secretary of State to secure funding for all elections, regardless of year (the even- odd-year distinction is antiquated and

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25
Mar

Tax Penalty Hit to Counties Fixed (For Now)!

On a Saturday at the end of a major legislative cutoff, the House of Representatives amended a bill, HB 1105, to take out penalties on delinquent property tax payments. The amendment was unexpected and had not previously been considered by any committee or chamber this Session. Whatever the merits of the proposal, it represents about a $25 million per year

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