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Legislation


1998 Regular Session

HOUSE BILL 397

File Code: Property
Sponsored By:
Delegates Clagett, Busch, Love, Leopold, and Bissett
Entitled:
Homeowners Property Tax Credit - Net Worth Limitation

Synopsis:

Increasing from $200,000 to $300,000 the maximum combined net worth that a homeowner may have to qualify for the homeowners circuit breaker property tax credit; and applying the Act to tax years beginning after June 30, 1999.

History by Legislative Date

House Action
2/2
First Reading Ways and Means
2/4
Hearing 2/18 at 11:00 a.m.
3/19
Unfavorable Report by Ways and Means
Senate Action
No Action
Sponsored by:
Delegate Virginia P. Clagett, District 30
Delegate Phillip D. Bissett, District 30
Delegate Michael Erin Busch, District 30
Delegate John R. Leopold, District 31
Delegate Mary Ann E. Love, District 32
Bill indexed under the following Subjects:
CIRCUIT BREAKER
PROPERTY TAX -see also- ASSESSMENTS
TAX CREDITS -see also- CIRCUIT BREAKER
Bill affects the following Statute:
Tax - Property
( 9-104 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)

Amendments: None offered
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