Chairperson Smith noted HB2005 was passed out of Committee last year and sitting below the line on General Orders.  The bill was referred back to the Taxation Committee. Some of the proponents worked with the speaker and leadership to make some adjustments and get HB2005 sent back to the committee for some adjustments. 

Adam Siebers provided an overview for HB2005  that was established and referred to as the Veterans Valor Property Tax Relief Act.  The bill provides for an income tax credit currently commencing in tax year 2025 as the bill's drafted an amount equal to 50.0 percent of the amount of property and ad valorem taxes actually and timely paid by a taxpayer who is totally disabled, permanently and totally disabled, or unemployable pursuant to code of regulations.  If such taxes were paid upon real or personal property used for residential purposes of such taxpayer which is the taxpayer's principal place of residence for the tax year in which the credit is claimed  would be a refundable credit and  the veterans valor property relief act would be considered as part of the homestead property tax refund act except that the income and appraised valuation limits would not apply.

Committee discussion ensued.

Representative Butler moved to amend HB2005, seconded by Representative Helgerson. (Attachment 22)

Discussion ensued.  Representative Butler closed on his motion to amend.

The motion to amend HB2005 was favorably passed.

Chairperson Smith moved to amend HB2005, seconded by Representative Hoheisel. (Attachment 23)

Discussion ensued.  Chairperson Smith closed on his motion to amend.

The motion to amend HB2005 was favorably passed.

Representative Corbet moved, seconded by Representative Sawyer, the Committee recommends HB2005 favorable for passage as amended.  Motion carries.

Bill Introduction

Representative Awerkamp requested a bill be introduced to ratchet down the 20 mills by 1 mill per year and stop at 15 mills. (26-rs-3958)

Representative Awerkamp requested a bill be introduced to ratchet down the 20 mills one mill to 19 and then use the revenue neutral rate to lower the mill each year in order to keep the revenue neutral.  The increase in assessed valuation drives down the mill and stops at 15 mills. (26-rs-3959) 

Without objection, the bill requests were accepted for introduction by the Committee.

Chairperson Smith adjourned the meeting at 6:30 p.m.

Next scheduled House Taxation meeting is March 5, 2026.