2005 Regular Session

SENATE BILL 631

File Code: Taxes - Property Crossfiled with: HOUSE BILL 745
Sponsored By:
Senator Haines
Entitled:
Property Tax - Homeowner's Property Tax Credit - Computation

Synopsis:

Altering the computation of the homeowner's property tax credit for all taxable years beginning after June 30, 2006, based on a specified cost-of-living adjustment percentage; increasing from $150,000 to $250,000 the maximum assessed value of a dwelling on which the homeowner's property tax credit is calculated; requiring the Department of Assessments and Taxation to determine the cost-of-living adjustment percentage by a specified date under specified circumstances; etc.

History by Legislative Date

Senate Action
2/4
First Reading Budget and Taxation
3/9
Hearing 3/22 at 1:00 p.m.
House Action
No Action

Bill indexed under the following Subjects:

ASSESSMENTS
ASSESSMENTS AND TAXATION, DEPARTMENT OF
CONSUMER PRICE INDEX
HOUSING -see also- APARTMENTS; CONDOMINIUMS; MOBILE HOMES
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