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Legislation


2006 Regular Session

SENATE BILL 215

File Code: Taxes - Property Crossfiled with: HOUSE BILL 313
Sponsored By:
The President (By Request - Administration) and Senators Brinkley, Colburn, Giannetti, Greenip, Haines, Hooper, Jacobs, Kasemeyer, Kittleman, Mooney, Munson, Schrader, Stoltzfus, Stone, and Teitelbaum
Entitled:
Homeowners' Property Tax Credit - Calculation

Synopsis:

Excluding from the definition of "assets" for purposes of the homeowners' property tax credit the cash value of any qualified retirement savings plans or individual retirement accounts; including withdrawals from these accounts in "gross income" for purposes of the credit; increasing the maximum assessment against which the credit may be calculated from $150,000 to $300,000; altering the calculation of the credit; etc.

History by Legislative Date

Senate Action
1/23
First Reading Budget and Taxation
Motion Rules Suspended Referred (Senator Green) Adopted
Referred Budget and Taxation
2/9
Hearing 2/16 at 8:00 a.m.
House Action
No Action

Sponsored by:

President of the Senate
Administration
Senator David R. Brinkley, District 4
Senator Richard F. Colburn, District 37
Senator John A. Giannetti, Jr., District 21
Senator Janet Greenip, District 33
Senator Larry E. Haines, District 5
Senator J. Robert Hooper, District 35
Senator Nancy Jacobs, District 34
Senator Edward J. Kasemeyer, District 12
Senator Allan H. Kittleman, District 9
Senator Alexander X. Mooney, District 3
Senator Donald F. Munson, District 2
Senator Sandra B. Schrader, District 13
Senator J. Lowell Stoltzfus, District 38
Senator Leonard H. Teitelbaum, District 19

Bill indexed under the following Subjects:

ASSESSMENTS
PROPERTY TAX
RETIREMENT SYSTEMS -see also- MANDATORY RETIREMENT
TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statute:

Tax - Property
( 9-104 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal Note (Displayed in PDF Format): Available
Amendments: None offered
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