Legislation

Title: Homestead Property Tax Credit – Calculation of Credit for Dwelling Purchased by First–Time Homebuyer
Sponsored by: Delegate R. Long
Status: In the House - Hearing 1/31 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Authorizing certain local governments to allow, by law, a first-time homebuyer in the State to calculate the homestead property tax credit for property that includes a newly purchased dwelling using a certain method; requiring that the credit for a newly purchased dwelling be calculated in a certain manner; and providing that a certain homeowner may receive the larger of the homestead property tax credit amounts as calculated using certain methods.

Committees

Original:: Ways and Means Click to view Recorded Media

Committee Testimony

Witness List

Details

Introduced in a prior session as: HB0480 Session: 2022 Regular Session

Bill File Type: Pre-Filed

Effective Date(s): June 1, 2023

History

Legislation History
Chamber House Calendar Date 11/18/2022 Legislative Date 11/18/2022 Action Pre-filed Proceedings
Chamber House Calendar Date 1/11/2023 Legislative Date 1/11/2023 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Homestead Property Tax Credit – Calculation of Credit for Dwelling Purchased by First–Time Homebuyer Proceedings
Chamber House Calendar Date 1/17/2023 Legislative Date 1/17/2023 Action Hearing 1/31 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	11/18/2022	11/18/2022	Pre-filed
House	1/11/2023	1/11/2023	First Reading Ways and Means
			Text - First - Homestead Property Tax Credit – Calculation of Credit for Dwelling Purchased by First–Time Homebuyer
House	1/17/2023	1/17/2023	Hearing 1/31 at 1:00 p.m.

File Code

Subjects

Statutes