A Democratic-sponsored bill being debated today would add $1.6 billion to the tax-cut money anticipated from slot-machine gambling in 2009-10.
It would cut taxes for primary residences and farms only, and be funded by increases on the sales and personal income tax rates.
But a Republican amendment would instead eliminate all school property taxes - including for businesses, commercial properties and on second homes.
Debate is expected to continue through Wednesday at least.