Property Tax Reduction: Medicaid Funding Changes for States
This bill aims to reduce federal financial support for states that require local governments to contribute to Medicaid funding. This could impact property taxes as local governments might seek alternative funding sources to cover their obligations.
Key points
Reduces federal funds for states that mandate local governments contribute to Medicaid.
Changes will be phased in starting from fiscal year 2025, reaching 100% reduction by 2028.
Exceptions apply to large cities (over 5 million population) with local income tax and contributions for administrative expenses.
Expired
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