Plan would send eligible homeowners rebates on some property taxes

The Department of Revenue would calculate and send eligible owners a property tax rebate each year. The rebate would go to owners of owner-occupied single-family homes. Each rebate would be limited to the lower of the calculated maximum or the home's current-year taxes above $250. The Legislature would need to budget money from the fund through the general spending bill. The Department must calculate the maximum rebate and send it before June 30 each year, for that current tax year.

The state would create a fund for homeowner tax rebates, managed by the Department of Revenue. The fund's stated purpose is to provide rebates for owner-occupied single-family homes. Spending from the fund must be budgeted through the general spending bill. Money in the fund could not be transferred to the general fund. Money left after rebates would stay in the fund or could help pay the costs of running the rebate program.