Loading chat...

IN SB0278

Bill

Official Source

Status

Introduced

1/8/2013

Primary Sponsor

Joseph Zakas

Click for details

Origin

Senate

2013 Regular Session

AI Summary

  • Creates a tax credit for homestead properties that caps annual property tax increases at 5% compared to the previous year's tax liability
  • Applies to property taxes imposed for assessment dates after January 15, 2013, with an effective date of January 1, 2014
  • Excludes property tax increases attributable to improvements or expansions made to the homestead after the previous assessment from the 5% cap calculation
  • If a taxpayer qualifies for both this credit and the existing credit under section 8.5 (for certain eligible homesteads), only the section 8.5 credit applies, not both

Legislative Description

Homestead property tax bill cap.

Last Action

First reading: referred to Committee on Appropriations

1/8/2013

Committee Referrals

Appropriations1/8/2013

Full Bill Text

No bill text available