HOUSE BILL 1491

File Code: Taxes - Property

Sponsored By:

Delegates McHale, Hammen, and Krysiak

Entitled:

Homeowners' Property Tax Credit - Computation - Cost-of-Living Adjustment

Synopsis:

Altering the computation of the homeowners' property tax credit for all taxable years beginning after June 30, 2004, based on a specified cost-of-living adjustment percentage; requiring the Department of Assessments and Taxation to determine the cost-of-living adjustment percentage by October 1 each year based on the increase in a specified consumer price index for a specified period; and providing for the application of the Act.

History by Legislative Date

House Action

3/2

First Reading House Rules and Executive Nominations

3/8

Re-referred Ways and Means

3/12

Hearing 3/17 at 1:00 p.m.

Senate Action

No Action

Sponsored by:

Delegate Brian K. McHale, District 46

Delegate Peter A. Hammen, District 46

Delegate Carolyn J. Krysiak, District 46

Bill indexed under the following Subjects:

ASSESSMENTS AND TAXATION, DEPARTMENT OF

CIRCUIT BREAKER

CONSUMER PRICE INDEX

PROPERTY TAX

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