SB 541 Eliminates the renter's portion of the Senior Citizens Property Tax Credit for persons first qualifying after January 1, 2014
Sponsor: Munzlinger
LR Number: 4144S.01I Fiscal Note not available
Committee: Jobs, Economic Development and Local Government
Last Action: 1/15/2014 - Second Read and Referred S Jobs, Economic Development and Local Government Committee Journal Page: S92
Title: Calendar Position:
Effective Date: August 28, 2014

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Current Bill Summary

SB 541 - Currently, certain individuals may be eligible for a property tax credit. This tax credit is commonly referred to as the circuit breaker and is based on property taxes paid or rents paid. This act prohibits persons who first become an eligible claimant after January 1, 2014, from receiving a tax credit based on rents paid.