2005 Regular Session

HOUSE BILL 786

File Code: Taxes - Property
Sponsored By:
Delegates McHale, Barkley, Barve, Burns, Busch, Cadden, V. Clagett, Conroy, D. Davis, DeBoy, Doory, Feldman, Hammen, Haynes, Hubbard, Hurson, Jameson, Kirk, Krysiak, Love, Marriott, Minnick, Moe, Petzold, Taylor, and Vaughn
Entitled:
Homeowners' Property Tax Credit - Computation - Maximum Assessment

Synopsis:

Increasing from $150,000 to $250,000 the maximum assessed value of a dwelling used for calculating the homeowners' circuit breaker property tax credit; altering the application of the limitation in calculating the homeowners' property tax credit, to provide for application of the limitation after reducing the assessed value of the dwelling by the amount of any assessment on which the homestead property tax credit is granted; and applying the Act to tax years beginning after June 30, 2005.

History by Legislative Date

House Action
2/9
First Reading Ways and Means
2/10
Hearing 2/23 at 1:00 p.m.
Senate Action
No Action

Sponsored by:

Delegate Brian K. McHale, District 46
Delegate Charles Barkley, District 39
Delegate Kumar P. Barve, District 17
Delegate Emmett C. Burns, Jr., District 10
Delegate Michael E. Busch, District 30
Delegate Joan Cadden, District 31
Delegate Virginia P. Clagett, District 30
Delegate Mary A. Conroy, District 23A
Delegate Dereck E. Davis, District 25
Delegate Steven J. DeBoy, Sr., District 12A
Delegate Ann Marie Doory, District 43
Delegate Brian J. Feldman, District 15
Delegate Peter A. Hammen, District 46
Delegate Keith E. Haynes, District 44
Delegate James W. Hubbard, District 23A
Delegate John Adams Hurson, District 18
Delegate Sally Jameson, District 28
Delegate Ruth M. Kirk, District 44
Delegate Carolyn J. Krysiak, District 46
Delegate Mary Ann E. Love, District 32
Delegate Salima Siler Marriott, District 40
Delegate Joseph J. Minnick, District 6
Delegate Brian R. Moe, District 21
Delegate Carol S. Petzold, District 19
Delegate Herman L. Taylor, Jr., District 14
Delegate Michael L. Vaughn, District 24

Bill indexed under the following Subjects:

ASSESSMENTS
CIRCUIT BREAKER
PROPERTY TAX
TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statute:

Tax - Property
( 9-104 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal Note (Displayed in PDF Format): Available
Amendments: None offered