Senate Bill No. 1417 Summary

• Increases income limitation for single-person households from $28,000 to $32,000 for tax year 2020 and thereafter, adjusted annually per subsection (3)
• Changes single-person household reference from two persons to one person for federal poverty guideline comparison purposes
• Increases maximum tax reduction from $1,320 to $2,000 in tax year 2020 and thereafter, or actual property taxes owed, whichever is less
• Declares an emergency and applies the changes retroactively to January 1, 2020