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Legislation


2004 Regular Session

HOUSE BILL 1175

File Code: Taxes - Property
Sponsored By:
Delegates McMillan, Boschert, Costa, Dwyer, Gilleland, Impallaria, Leopold, McConkey, Minnick, Parker, Smigiel, and Sossi
Entitled:
Homeowner's Property Tax Assessment Cap

Synopsis:

Providing that the percentage of the homestead property tax credit for State, county, and municipal corporation property tax purposes shall be the lesser of a specified cost-of-living adjustment percentage or 103%; requiring the Department of Assessments and Taxation to determine the cost-of-living adjustment percentage by October 1 each year, based on the increase in the consumer price index for a specified period of time; and providing for the termination of the Act; etc.

History by Legislative Date

House Action
2/13
First Reading Ways and Means
2/18
Hearing 2/26 at 2:00 p.m.
3/8
Unfavorable Report by Ways and Means
Senate Action
No Action
Sponsored by:
Delegate Herb McMillan, District 30
Delegate David G. Boschert, District 33A
Delegate Robert A. Costa, District 33B
Delegate Donald H. Dwyer, Jr., District 31
Delegate Terry R. Gilleland, Jr., District 32
Delegate Rick K. Impallaria, District 7
Delegate John R. Leopold, District 31
Delegate Tony McConkey, District 33A
Delegate Joseph J. Minnick, District 6
Delegate Rosetta C. Parker, District 47
Delegate Michael D. Smigiel, Sr., District 36
Delegate Richard A. Sossi, District 36
Bill indexed under the following Subjects:
ASSESSMENTS AND TAXATION, DEPARTMENT OF
CONSUMER PRICE INDEX
COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES
ELECTRONIC GOVERNMENT
MUNICIPAL CORPORATIONS -see also- ANNAP; BALT; HAGER; OC
NOTICES
PROPERTY TAX
SUNSET
TAX CREDITS -see also- CIRCUIT BREAKER
Bill affects the following Statute:
Tax - Property
( 9-105 )

Documents:

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