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DIGEST OF HB 1747 (Updated February 24, 2005 10:56 pm - DI 52)
Property taxes. Allows the deferral of any part of the property taxes that: (1) exceed a minimum required payment; and (2) are imposed on a homestead that is the principal place of residence of an individual who is at least 65 years of age, blind, or disabled (or the individual's surviving spouse) and who would otherwise qualify for a homestead credit. Increases from $25,000 to $35,000 the adjusted gross income eligibility amount for the age 65 and older property tax deduction.
