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SF0161
Residential property-acquisition value.
Year
2025
Status
Proposed
Sponsor
McKeown
Committee
Not Assigned
Introduced
—
Date not available
Last Action
S:Died in Committee Returned Bill Pursuant to SR 5-4
Status
Not Yet Signed
Bill is pending
Bill Synopsis
Homes would be taxed based on purchase price, not current market value. Long-term owners pay less; new buyers pay more. Takes effect in 2026.
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Individual Sponsor
This bill was sponsored by McKeown rather than by a committee. Individual legislators can introduce bills that are then assigned to committees for review during the legislative process.
Documents & Resources
View Full Bill Text (PDF)
Official bill document
Last Action
S:Died in Committee Returned Bill Pursuant to SR 5-4