10/15/2025

House Bill 273

Lead Sponsors: Representative Jason Stephens

Status: Introduced (May 13, 2025)

Description: The bill removes eligibility for the existing 10% nonbusiness property tax credit for all property, except nontimber agricultural property. The bill also increases the existing 2.5% owner-occupancy property tax credit to 12.5%, plus an additional $75.

The bill does not change what levies the credits apply to. These credits are only paid for levies that were first passed before November 2015.

CCAO Position: CCAO supports reforming the 10% nonbusiness tax credit and increasing the 2.5% owner-occupancy tax credit.