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House Bill 1583

House Bill 1583

ARCHIVE (2011)

Latest Information

DIGEST OF HB1583 (Updated March 28, 2011 7:36 pm - DI 84)

Exempt property eligibility for deductions. Provides that the credit for excessive residential property taxes and the following property tax deductions are to be allowed in the year of a property transfer if the property is determined to be exempt in the year following the transfer year: (1) Homestead standard deduction. (2) Homestead supplemental deduction. (3) Mortgage deduction. (4) Deduction for persons 65 or older. (5) Deduction for veterans with a partial disability. (6) Deduction for totally disabled veterans or veterans age 62 and partially disabled. (7) Deduction for surviving spouses of veterans. (8) Deduction for World War I veterans. (9) Deduction for rehabilitated residential real property. (10) Deduction for rehabilitated property.
Current Status:
In Committee - 2nd House
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