Legislation

Excluding the cash value of any qualified retirement savings plans or individual retirement accounts from the definition of "assets" for purposes of certain property tax relief provided to certain renters; and applying the Act to all taxable years beginning after June 30, 2024.

Committees

Original:: Ways and Means Click to view Recorded Media

Opposite:: Budget and Taxation

Committee Testimony

Witness List

Details

Cross-filed with: SB0342

Bill File Type: Regular

Effective Date(s): June 1, 2024

Bill imposes a local government mandate, which is a directive in a bill requiring a local government unit to perform a task or assume a responsibility that has a discernible fiscal impact on the local government unit

History

Legislation History
Chamber House Calendar Date 1/12/2024 Legislative Date 1/12/2024 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Tax Credits – Homeowners and Renters – Income Calculation Proceedings
Chamber House Calendar Date 1/17/2024 Legislative Date 1/17/2024 Action Hearing 2/06 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Ways and Means Proceedings Click to view Recorded Media
Chamber House Calendar Date 2/19/2024 Legislative Date 2/19/2024 Action Favorable with Amendments Report by Ways and Means Proceedings
Chamber House Calendar Date 2/20/2024 Legislative Date 2/20/2024 Action Favorable with Amendments {823729/1 Adopted Proceedings 30 Click to view Recorded Media
Chamber House Calendar Date 2/20/2024 Legislative Date 2/20/2024 Action Second Reading Passed with Amendments Proceedings 30 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Property Tax - Renters' Property Tax Relief Program - Assets Calculation Proceedings
Chamber House Calendar Date 2/22/2024 Legislative Date 2/22/2024 Action Third Reading Passed (138-0) Proceedings 32 Click to view Recorded Media
Chamber Senate Calendar Date 2/23/2024 Legislative Date 2/15/2024 Action Referred Budget and Taxation Proceedings 31 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/25/2024 Legislative Date 3/25/2024 Action Favorable Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/26/2024 Legislative Date 3/11/2024 Action Favorable Adopted Second Reading Passed Proceedings 56 Click to view Recorded Media
Chamber Senate Calendar Date 3/27/2024 Legislative Date 3/12/2024 Action Third Reading Passed (46-0) Proceedings 57 Click to view Recorded Media
Chamber House Calendar Date 3/28/2024 Legislative Date 3/15/2024 Action Returned Passed Proceedings 54 Click to view Recorded Media
Chamber Post Passage Calendar Date 5/16/2024 Legislative Date 5/16/2024 Action Approved by the Governor - Chapter 898 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Property Tax - Renters' Property Tax Relief Program - Assets Calculation Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	1/12/2024	1/12/2024	First Reading Ways and Means
			Text - First - Tax Credits – Homeowners and Renters – Income Calculation
House	1/17/2024	1/17/2024	Hearing 2/06 at 1:00 p.m.
			Vote - House - Committee - Ways and Means	Click to view Recorded Media
House	2/19/2024	2/19/2024	Favorable with Amendments Report by Ways and Means
House	2/20/2024	2/20/2024	Favorable with Amendments {823729/1 Adopted	30 Click to view Recorded Media
House	2/20/2024	2/20/2024	Second Reading Passed with Amendments	30 Click to view Recorded Media
			Text - Third - Property Tax - Renters' Property Tax Relief Program - Assets Calculation
House	2/22/2024	2/22/2024	Third Reading Passed (138-0)	32 Click to view Recorded Media
Senate	2/23/2024	2/15/2024	Referred Budget and Taxation	31 Click to view Recorded Media
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/25/2024	3/25/2024	Favorable Report by Budget and Taxation
Senate	3/26/2024	3/11/2024	Favorable Adopted Second Reading Passed	56 Click to view Recorded Media
Senate	3/27/2024	3/12/2024	Third Reading Passed (46-0)	57 Click to view Recorded Media
House	3/28/2024	3/15/2024	Returned Passed	54 Click to view Recorded Media
Post Passage	5/16/2024	5/16/2024	Approved by the Governor - Chapter 898
			Text - Chapter - Property Tax - Renters' Property Tax Relief Program - Assets Calculation

File Code

Subjects

Statutes