- Title
- Property Tax - Renters' Property Tax Relief Program - Assets Calculation
- Sponsored by
- Senator McCray
- Status
- Approved by the Governor - Chapter 899
- Analysis
- Fiscal and Policy Note (Revised)
Synopsis
Excluding the cash value of any qualified retirement savings plans or individual retirement accounts from the definition of "assets" for purposes of certain property tax relief provided to certain renters; and applying the Act to all taxable years beginning after June 30, 2024.
Committees
- Opposite:
- Ways and Means
Committee Testimony
Details
Cross-filed with: HB0287
Bill File Type: Regular
Effective Date(s): June 1, 2024
Bill imposes a local government mandate, which is a directive in a bill requiring a local government unit to perform a task or assume a responsibility that has a discernible fiscal impact on the local government unit
History
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Last Updated: 5/23/2024 4:36 PM