❌ HB143
Authorize property tax exemption for certain long-term homeowners
Summary
The bill authorizes an enhanced property tax homestead exemption for long-term homeowners, specifically targeting individuals who are permanently disabled, aged 65 or older, or surviving spouses of such individuals. The exemption applies to real property taxes on homesteads owned and occupied by eligible persons, with specific income thresholds and reduction amounts defined. The bill also outlines application procedures and penalties for false statements regarding eligibility.
Rationale
The bill introduces a government-mandated tax exemption that could be seen as a form of wealth redistribution, which conflicts with the Libertarian principles of minimal government intervention and free market economics. Both the LP and LPO platforms emphasize limited government and oppose taxation and spending, which this bill does not align with.
Risks and Concerns
- Increased government control over property taxation
- Potential for abuse in application processes
- Encouragement of dependency on government benefits