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flag House Republicans propose a $1 billion property tax relief plan, offering a 7.5% tax credit to homeowners.

flag House Republicans in the U.S. have proposed a property tax reform plan to help homeowners, offering a 7.5% tax credit, up to $200, for all homestead owners, and additional credits for seniors and disabled veterans. flag The plan aims to provide over $1 billion in property tax relief over three years and includes long-term changes like phasing out business personal property taxes and increasing transparency through a Property Tax Transparency Portal. flag The proposal is part of ongoing efforts to reduce property taxes and is expected to be released as an amendment to Senate Bill 1.

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