SENATE BILL 277

File Code: Taxes - Property Crossfiled with: HOUSE BILL 275

Sponsored By:

Senator Astle

Entitled:

Homestead Tax Credit - Eligibility - Razed Property and Substantially Improved Property

Synopsis:

Providing that a homeowner otherwise eligible for the homestead property tax credit who does not actually reside in a dwelling for the required period of time under specified circumstances may continue to qualify for the credit for specified tax years; providing that the full benefit of the homestead property tax credit existing at the commencement of a specified taxable year may not be diminished, subject to specified exceptions; etc.

History by Legislative Date

Senate Action

1/25

First Reading Budget and Taxation

2/15

Hearing 2/22 at 12:30 p.m.

3/22

Favorable with Amendments Report by Budget and Taxation

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/24

Third Reading Passed (47-0)

4/8

Returned Passed

House Action

3/21

First Reading Ways and Means

3/29

Hearing 4/5 at 1:00 p.m.

4/8

Favorable Report by Ways and Means

4/4

Favorable Report Adopted

Second Reading Passed

4/6

Third Reading Passed (138-0)

Action after passage in Senate and House

5/26

Governor vetoed - Duplicative

Bill indexed under the following Subjects:

ASSESSMENTS

PROPERTY TAX

TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statute:

Tax - Property

( 9-105 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments (Displayed in WordPerfect 8 Format):

Senate

Number: 339432/01 (PDF)     Offered on: March 22, 2006   at: 12:13 p.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

Senate

March 24, 2006: Third Reading Passed (47-0)

House

April 6, 2006: Third Reading Passed (138-0)