"The minority of the committee recognizes the legislature looks to find alternative revenue
that shifts the tax burden away from the over-reliance on property tax. The minority believes that this is
a small step towards the goal of finding a new form of revenue that moves the state away from property
taxation without implementation of broad-based taxes. This bill mandates that all monies raised go directly
back to the community in which it was raised to be used for the specific purpose of reducing local municipal
taxes."
It was in Tummyman's post.
Since the money doesn't go to Concord and stays in the community, as long as the community doesn't expend more, then the offset happens.
Not much different then current exemptions, where a property owner gets an exemption/deduction and that adds to the rate for the others.
Difference is instead of being like a veteran's discount, it is a resident's discount - basically a homestead exemption.
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