HB0169H3004

This amendment reduces the homeowner tax exemption cap from one million dollars to six hundred thousand dollars.

• Reduces the property value cap for the homeowner tax exemption from $1,000,000 to $600,000. The 50% exemption will now only apply to the first $600,000 of fair market value instead of the first $1,000,000. (Page 2, lines 11-12)

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