Bill > HJR128

This Joint Resolution proposes a constitutional amendment to allow the state legislature to create a tax credit for married couples on their primary residence, known as a "residence homestead." This credit would reduce the property taxes, called "ad valorem taxes," that married couples pay to local governments or "political subdivisions." The amount of this tax credit could increase depending on how many children the couple has. The resolution also ensures that local governments will be reimbursed by the state for any money they lose because of these tax credits, preventing them from being financially harmed. This amendment is being put before voters for approval.