Property Tax Relief: Medicaid Funding Changes
This act aims to reduce property tax burdens for citizens in certain states by decreasing federal financial support for states that require local governments to contribute to Medicaid funding. This could impact local budgets and potentially the amount of property taxes residents pay.
Key points
Reduces federal funds for states that compel local governments to pay for a portion of Medicaid.
Changes will be phased in starting from fiscal year 2025, reaching full reduction by 2028.
Exceptions apply to large cities with income taxes and certain administrative expenses.
Expired
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