The Property Tax Reduction Act of 2023 is a federal bill aimed at reducing property taxes for homeowners. The main provisions of the bill include providing tax credits or deductions to eligible taxpayers, especially those with lower incomes or high property tax burdens. The bill seeks to alleviate the financial burden on homeowners by offering relief through targeted tax incentives. If passed, this legislation could lead to lower property tax payments for qualifying individuals and families, potentially improving housing affordability and financial stability for many Americans.
2023-03-09: Introduced in House
2023-03-09: Referred to the House Committee on Energy and Commerce.
2023-03-17: Referred to the Subcommittee on Health.
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