Legislation - HB1427

Title: Property Tax Credits - Renters' Tax Credit, Homeowners' Tax Credit, and Homestead Tax Credit - Altering Eligibility and Amount
Sponsored by: Delegate Ruth
Status: In the House - First Reading Ways and Means
Analysis

Synopsis

Altering eligibility for the renters' tax credit; altering the calculation of and the maximum amount of the renters' tax credit for certain taxable years; altering the eligibility for and the calculation of the homeowners' tax credit for certain taxable years; making homeowners with a federal adjusted gross income greater than $300,000 ineligible for the homestead property tax credit; and applying the Act to all taxable years beginning after June 30, 2027.

Committees

Original:: Ways and Means

Details

Bill File Type: Regular

Effective Date(s): June 1, 2027

History

Legislation History
Chamber House Calendar Date 2/13/2026 Legislative Date 2/13/2026 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Property Tax Credits - Renters' Tax Credit, Homeowners' Tax Credit, and Homestead Tax Credit - Altering Eligibility and Amount Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/13/2026	2/13/2026	First Reading Ways and Means
			Text - First - Property Tax Credits - Renters' Tax Credit, Homeowners' Tax Credit, and Homestead Tax Credit - Altering Eligibility and Amount

File Code

Subjects

Statutes