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HB3712 • 2025

Changes the metrics for a homestead's real market value and the household income of a claimant in order to expand eligibility for the homestead property tax deferral program.

Changes the metrics for a homestead's real market value and the household income of a claimant in order to expand eligibility for the homestead property tax deferral program.

Taxes
Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Representative Reschke,, Drazan, Representative Levy B,, Nathanson,, Nelson,, Senator Patterson,, Smith DB,, Sollman
Last action
2025-07-25
Official status
Chapter Number Assigned
Effective date
Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

  1. 2025-07-25 House

    Chapter 449, (2025 Laws): Effective date January 1, 2026.

  2. 2025-06-26 House

    Governor signed.

  3. 2025-06-18 House

    Speaker signed.

  4. 2025-06-18 Senate

    President signed.

  5. 2025-06-17 Senate

    Third reading. Carried by Patterson. Passed. Ayes, 30.

  6. 2025-06-16 Senate

    Recommendation: Do pass the A-Eng. bill.

  7. 2025-06-16 Senate

    Second reading.

  8. 2025-06-09 Senate

    Work Session held.

  9. 2025-06-02 Senate

    Public Hearing held.

  10. 2025-05-19 Senate

    First reading. Referred to President's desk.

  11. 2025-05-19 Senate

    Referred to Finance and Revenue.

  12. 2025-05-15 House

    Third reading. Carried by Reschke. Passed. Ayes, 51; Excused, 5--Nguyen H, Owens, Smith G, Wallan, Wright; Excused for Business of the House, 3--Lewis, McIntire, Speaker Fahey.

  13. 2025-05-14 House

    Second reading.

  14. 2025-05-13 House

    Recommendation: Do pass with amendments and be printed A-Engrossed.

  15. 2025-05-08 House

    Work Session held.

  16. 2025-05-06 House

    Work Session held.

  17. 2025-04-29 House

    Informational Meeting held.

  18. 2025-03-18 House

    Public Hearing held.

  19. 2025-02-27 House

    Referred to Revenue.

  20. 2025-02-25 House

    First reading. Referred to Speaker's desk.

Official Summary Text

<b>Digest: The Act would change the metrics for real market value and income to make more people eligible to defer property taxes on their homes. The Act would have LRO study the value of basing program entry on equity vs. income and turn in a report next year. (Flesch Readability Score: 60.5).</b>
[<i>Digest: The Act would change the metrics for real market value and income so that more people will be able to defer property taxes on their homes. (Flesch Readability Score: 63.3).</i>]
Changes the metrics for a homestead's real market value and the household income of a claimant in order to expand eligibility for the homestead property tax deferral program. <b>Requires the Legislative Revenue Officer to submit a report to the Legislative Assembly about the equity that claimants hold in their homesteads and the advantages and disadvantages of determining program eligibility on the basis of equity rather than household income.</b>
Relating to: Relating to the homestead property tax deferral program.
Current location: Chapter Number Assigned