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