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Senate Bill 0059


Senate Bill 0059

ARCHIVE (2004)

Latest Information

 

DIGEST OF INTRODUCED BILL


Tax credits. Provides that the homestead credit and the property tax replacement credit do not apply to taxes on the part of the assessed value of a homestead that is over $300,000. Establishes an income tax credit for an individual in a specified income range for the lesser of $375 or the amount by which the property taxes on the individual's homestead exceed a percentage of the individual's adjusted gross income.
    Current Status:
     In Committee - first House
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