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Senate Bill 0272

Senate Bill 0272

ARCHIVE (2008)

Latest Information


Property tax benefits for trusts. Specifies that a qualified personal residence trust is entitled to certain property tax deductions and the homestead credit during the period in which the grantor of the trust is entitled to occupy the residence rent free under the terms of the trust and is otherwise eligible for the deduction or credit. (The introduced version of this bill was prepared by the probate code study commission.)
    Current Status:
    In Committee - first House
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