HB 4110 Summary

• Amends the Income Tax Act of 1967 to modify property tax credits for eligible servicepersons, eligible veterans, and eligible widows or widowers.

• For tax years 2019 and after, provides a 20% rent credit (capped at 100% of property taxes) to 100% disabled veterans and their survivors who lease or rent a homestead, regardless of homestead type.

• Maintains existing credit structures for non-senior citizens (60% of excess property taxes over 3.2-3.5% of household resources) and senior citizens (tiered percentages from 60-96% based on household resources between $21,000-$30,000).

• Establishes graduated credit percentages for senior citizens with household resources exceeding $21,000, declining from 96% to 60% as income increases above $30,000.

• Clarifies that claimants qualifying under multiple categories must elect a single classification, with only one claimant per household eligible annually except when both spouses filing jointly are blind.