← Back to results
Federal

Property Tax Reduction Act of 2023

Source: Congress.gov  ·  692 words in original text
This bill would reduce the amount of federal money that certain states receive for Medicaid (a health insurance program for low-income people). Specifically, it targets states that require local governments to pay part of the state's Medicaid costs. The bill is called the Property Tax Reduction Act of 2023.
States that require cities, counties and other local political subdivisions (smaller government units within a state) to contribute money toward Medicaid expenses.
* The bill only applies to states that received a DSH allotment (a special Medicaid funding amount) for fiscal year 2023 that was more than 6 times the national average amount for all states. (Sec. 2) * Federal reimbursement to affected states will be reduced by a percentage of the money that local governments are required to contribute. The reduction starts at 25 percent in fiscal year 2025, increases to 50 percent in 2026, 75 percent in 2027, and reaches 100 percent in 2028 and beyond. (Sec. 2) * Local governments with populations over 5,000,000 that have local income taxes are exempt from this reduction. (Sec. 2) * Local government contributions for administrative expenses are exempt if the state required those contributions without reimbursement as of January 1, 2023. (Sec. 2)
If this bill becomes law, certain states will receive less federal Medicaid funding beginning in fiscal year 2025, based on how much they require local governments to contribute toward Medicaid costs.
* Political subdivisions: smaller government units within a state, such as cities and counties. * Medicaid: a federal health insurance program. * DSH allotment: a special Medicaid funding amount for certain states.
The changes would begin in fiscal year 2025.
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.