Legislation

Title: Renters’ Property Tax Relief and Homeowners’ Property Tax Credit Programs – Gross Income and Assessed Value Limitations – Alterations
Sponsored by: Senator McCray
Status: In the Senate - Hearing 1/24 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Altering the definition of "gross income" to exclude certain public assistance received in a cash grant for purposes of the renters' property tax relief program and the homeowners' property tax credit program; increasing the combined gross income limit used to determine eligibility for the tax credits; and increasing, from $300,000 to $450,000, the maximum assessed value of a dwelling on which the homeowners' property tax credit is calculated.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Committee Testimony

Witness List

Details

Cross-filed with: HB0044

Bill File Type: Regular

Effective Date(s): June 1, 2024

History

Legislation History
Chamber Senate Calendar Date 1/12/2024 Legislative Date 1/12/2024 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Renters’ Property Tax Relief and Homeowners’ Property Tax Credit Programs – Gross Income and Assessed Value Limitations – Alterations Proceedings
Chamber Senate Calendar Date 1/13/2024 Legislative Date 1/13/2024 Action Hearing 1/24 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	1/12/2024	1/12/2024	First Reading Budget and Taxation
			Text - First - Renters’ Property Tax Relief and Homeowners’ Property Tax Credit Programs – Gross Income and Assessed Value Limitations – Alterations
Senate	1/13/2024	1/13/2024	Hearing 1/24 at 1:00 p.m.

File Code

Subjects

Statutes