1999 Regular Session

HOUSE BILL 135

File Code: Property
Sponsored By:
Delegates Clagett, Busch, Cadden, Sophocleus, D'Amato, and Love
Entitled:
Homeowners Circuit Breaker Property Tax Credit

Synopsis:

Increasing from $60,000 to $80,000 the maximum assessed value of a dwelling taken into account for purposes of determining the homeowners circuit breaker property tax credit; altering the computation of the credit; increasing from $200,000 to $250,000 the maximum combined net worth that a homeowner may have to qualify for the credit; and applying the Act to tax years beginning after June 30, 2000.

History by Legislative Date

House Action
1/27
First Reading Ways and Means
Hearing 2/4 at 11:00 a.m.
1/28
Hearing cancelled
2/3
Hearing 2/17 at 11:00 a.m.
3/8
Unfavorable Report by Ways and Means
Senate Action
No Action
Sponsored by:
Delegate Virginia P. Clagett, District 30
Delegate Michael Erin Busch, District 30
Delegate Joan Cadden, District 31
Delegate Richard D'Amato, District 30
Delegate Mary Ann E. Love, District 32
Delegate Theodore Sophocleus, District 32
Bill indexed under the following Subjects:
CIRCUIT BREAKER
HOUSING -see also- APARTMENTS; CONDOMINIUMS; MOBILE HOMES
PROPERTY TAX -see also- ASSESSMENTS
REAL PROPERTY
TAX CREDITS -see also- CIRCUIT BREAKER
Bill affects the following Statutes:
Tax - Property
( 9-104 , 9-104 )

Documents:

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

Amendments: None offered