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Legislation


2005 Regular Session

HOUSE BILL 1101

File Code: Taxes - Property
Sponsored By:
Delegate G. Clagett
Entitled:
Homeowners' Property Tax Credit - Computation - Maximum Assessment

Synopsis:

Altering the application of the limitation on the assessed value of a dwelling use for calculating the homeowners' circuit breaker 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; increasing from $150,000 to $250,000 the maximum assessed value used for calculating the credit for homeowners who are at least 65 years old as of July 1 of the taxable year; etc.

History by Legislative Date

House Action
2/11
First Reading Ways and Means
2/15
Hearing 2/23 at 1:00 p.m.
2/17
Hearing cancelled
3/7
Withdrawn
Senate Action
No Action

Bill indexed under the following Subjects:

ASSESSMENTS
CIRCUIT BREAKER
ELDERLY PERSONS
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: Not available at this time
Amendments: None offered
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