Bills › 89th General Assembly
Modifying provisions relating to the additional property tax credit for elderly persons and including applicability provisions
Topics:Families & human servicesTaxesProperty taxesTax credits & incentives
Where it is now
- Done: IntroducedFebruary 2, 2022
- Stopped: SubcommitteeDied when the General Assembly ended
- Next: House committee
- Next: Passes the House
- Next: Senate committee
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2022 session adjourned on May 24, 2022, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
AI summary This bill changes how certain seniors receive property tax credits. It expands the credit to include all people aged 65 and older, regardless of how much money they make. For those with low incomes, the bill also changes how the amount of the credit is calculated.1
Read the official explanation
This bill modifies the eligibility for and the calculation of the amount of the property tax credit under Code chapter 425, subchapter II.23(1)(a), but not to exceed $1,000.23(1)(a) as if the claimant was an eligible claimant for a credit under that provision; and (2) the difference between the actual amount of property taxes due on the homestead during the applicable fiscal year minus the actual amount of property taxes due on the homestead based on a full assessment during the first fiscal year for which the claimant filed for a credit calculated under the Code chapter and if the claimant has filed for the credit for each of the subsequent fiscal years after the first credit claimed. The bill modifies the eligibility for the credit under current law available to claimants who have reached the age of with a household income of less than 250 percent of the federal poverty level to include claimants who have reached the age of regardless of income level. The bill applies to claims under Code chapter 425, subchapter II, filed on or after January 1, 2023.
Family tree
89th General Assembly
Earlier and later bills are matched by wording or an identical title.
Similar bills
- HF 916 Modifying provisions relating to the additional property tax credit for elderly persons an…91st General Assembly · In committeeNearly identical
- HF 92 Modifying provisions relating to the additional property tax credit for elderly persons an…90th General Assembly · In committeeNearly identical
- SF 20 Modifying provisions relating to the additional property tax credit for elderly persons an…90th General Assembly · In committeeVery similar
- SF 2089 Modifying provisions relating to the additional property tax credit for elderly persons an…89th General Assembly · In committeeVery similar
Matched by wording or an identical title.