Relating to: the sales and use tax exemption for electricity and natural gas sold for residential use. (FE)

2025-2026 Regular Session Introduced by Tim Carpenter and 4 co-sponsors

SB 90 aimed to relieve homeowners by redirecting state tax revenue to lower property taxes on primary residences, making homeownership more affordable.

Failed to pass pursuant to Senate Joint Resolution 1

Summary of SB 90: Redistribute Certain State Tax Revenue to Primary Residence Property Tax Relief

Bill Information:
- Bill Number: SB 90
- Title: Redistribute certain state tax revenue to primary residence property tax relief
- Status: Died in Process
- Introduced: February 10, 2025
- Classification: Bill
- Subject Areas:
- County Finance
- Local Finance
- Rule Making
- Taxation (Generally)
- Taxation--Property
- Taxation--Sales

Purpose and Intent

The primary aim of SB 90 was to address property tax relief for homeowners by redistributing certain state tax revenues specifically to benefit primary residence property taxes. The bill sought to alleviate the financial burden on homeowners by reallocating funds that would otherwise be used for other state expenditures.

Key Provisions

While the specific provisions of the bill are not detailed in the provided information, the intent suggests the following potential changes:

Redistribution of Tax Revenue: The bill proposed a mechanism to redirect a portion of state tax revenues towards reducing property taxes for primary residences.

Focus on Homeowners: The primary beneficiaries of this bill would have been homeowners, particularly those facing high property tax rates.

Impact

If enacted, SB 90 would have had the following impacts:

Homeowners: The bill aimed to provide financial relief to homeowners by lowering their property tax obligations, potentially making homeownership more affordable.

State Revenue Allocation: The redistribution of tax revenues could have affected funding for other state programs or services, depending on the amount of revenue redirected to property tax relief.

Legislative Timeline

The legislative journey of SB 90 included several key actions:

Introduced: February 10, 2025

Senate Actions:

Passed 3rd Reading on February 28, 2025
Transmitted to the House on February 28, 2025

House Actions:

Referred to the Taxation Committee on March 1, 2025
Tabled in Committee on April 3, 2025
Taken from Committee and placed on 2nd Reading multiple times in April 2025

Final Status: The bill ultimately died in process on May 23, 2025, indicating it did not advance to a final vote or enactment.

Conclusion

SB 90 represented an effort to provide tax relief to homeowners through the redistribution of state tax revenues. Despite its introduction and initial support, the bill did not progress through the legislative process and ultimately did not become law. The implications of such a bill highlight ongoing discussions around property tax burdens and state revenue allocation.