Legislation

Title: Homestead Property Tax Credit - Calculation of Credit for Dwelling Purchased by First-Time Homebuyer
Sponsored by: Delegate Long
Status: In the House - Hearing 2/06 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; providing that a certain homeowner may receive the larger of the homestead property tax credit amounts as calculated using certain methods; and applying the Act to taxable years beginning after June 30, 2020.

Committees

Original:: Ways and Means Click to view Recorded Media

Committee Testimony

Witness List

Details

Introduced in a prior session as: HB0264 Session: 2019 Regular Session

Bill File Type: Regular

Effective Date(s): June 1, 2020

History

Legislation History
Chamber House Calendar Date 1/23/2020 Legislative Date 1/23/2020 Action First Reading Ways and Means Proceedings
Chamber House Calendar Date 1/23/2020 Legislative Date 1/23/2020 Action Hearing 2/06 at 1:00 p.m. 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	Calendar Date	Legislative Date	Action
House	1/23/2020	1/23/2020	First Reading Ways and Means
House	1/23/2020	1/23/2020	Hearing 2/06 at 1:00 p.m.
			Text - First - Homestead Property Tax Credit - Calculation of Credit for Dwelling Purchased by First-Time Homebuyer

File Code

Subjects

Statutes