SB 630 Modifies eligibility requirements for the Homestead Preservation Tax Credit
Sponsor: Gross
LR Number: 3309S.03T Fiscal Note: 3309-03
Committee: Ways & Means
Last Action: 6/9/2006 - Signed by Governor Journal Page:
Title: SCS SB 630 Calendar Position:
Effective Date: August 28, 2006
House Handler: Portwood

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Current Bill Summary

SCS/SB 630 - This act modifies the eligibility requirements for properties owned by unmarried people as joint tenants or as tenants in common. If the property is owned by two or more unmarried individuals, each person with an ownership interest must individually satisfy the age or disability requirements for an eligible individual owner, and the combined income of all individuals with an ownership interest must not exceed seventy five thousand dollars. If any one individual fails to satisfy these eligibility requirements, then all individuals with an ownership interest in the property will be deemed ineligible. The filing deadline is extended from September 30th to October 15th of each year.