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House Bill 1090


House Bill 1090

ARCHIVE (2004)

Latest Information

 

DIGEST OF HB 1090 (Updated January 29, 2004 12:32 pm - DI 51)


Rental property valuation and tax deductions. Establishes standards for the determination of the true tax value of low income rental housing. Provides that the property tax deduction for a building that contains principal rental dwellings is equal to the number of units multiplied by $2,000. Increases the standard deduction for homesteads by $2,000. Establishes a farmland property tax credit. Makes an appropriation to distribute an amount to taxing units equal to the amount of farmland property tax credits granted in the taxing units.
Current Status:
 Out of Committee - first House
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