Relating to the military service property tax exemption and credit by increasing the exemption amount, and including applicability provisions

Dónde está ahora

1. ✓
   Hecho: Presentado6 de marzo de 2019
2. ✓
   Hecho: Subcomité12 de marzo de 2019
3. ✓
   Hecho: Comité del Senado6 de marzo de 2019
4. ✕
   Se detuvo: Lo aprueba el SenadoMurió al terminar la Asamblea General
5. Sigue: Comité de la Cámara
6. Sigue: Lo aprueba la Cámara
7. Sigue: A gobernador(a)
8. Sigue: Firmado como ley

Murió al terminar la sesión La sesión de 2020 terminó el 14 de junio de 2020, la última sesión ordinaria de la Asamblea General. Los proyectos que no pasaron por ambas cámaras murieron. ¿Qué es el embudo (funnel)?

Qué contiene

La explicación oficial está en inglés; todavía no hay resumen en palabras sencillas.

Under current law, veterans of World War I are entitled to a property tax exemption of $2,778 in taxable value and honorably discharged veterans who served during other specific time periods are entitled to a property tax exemption of $1,852 in taxable value. This bill increases the exemption amount for all eligible veterans to $3,700.92 per $1,000 of assessed value of the exempt property.7 provides that if a state appropriation made to fund a credit or exemption is not sufficient to fully fund the credit or exemption, the political subdivision shall be required to extend to the taxpayer only that portion of the credit or exemption estimated by the department of revenue to be funded by the state appropriation.

Texto completo del proyecto (en inglés)¹

Nota fiscal

For almost all properties benefiting from the Military Service Tax Exemption, the impact of the Bill will be to double the current property tax reduction, beginning FY 2021 (taxes payable in the fall of 2020 and the spring of 2021). 6 million Going forward, the number of veterans is expected to decline modestly each year, and this will produce a declining fiscal impact on State appropriations and local revenue.

• Military Service Property Tax Exemption · 7 de marzo de 2019

Cómo leer una nota fiscal²