SENATE BILL 234

File Code: Taxes - Property Crossfiled with: HOUSE BILL 5

Sponsored By:

Senator Della

Entitled:

Property Tax - Homeowners' Property Tax Credit

Synopsis:

Increasing from $150,000 to $250,000 the maximum assessed value of a dwelling on which the homeowners' property tax credit is calculated; altering the computation of the credit; 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, 2006.

History by Legislative Date

Senate Action

1/24

First Reading Budget and Taxation

2/9

Hearing 2/16 at 8:00 a.m.

House Action

No Action

Bill indexed under the following Subjects:

ASSESSMENTS

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