Senate Committee Substitute

SCS/SB 666 - This act creates a refundable income tax credit for residential real property owners in an amount equal to 0.75% of the assessed value of the residential real property they own. The tax payer must own the property on January 1, 2014, to be eligible for the credit. The tax credit is only available for tax years beginning in 2014.

Taxpayers claiming the tax credit must submit to the Department of Revenue a copy of their 2014 property tax statement for the property on which they claiming the credit.

MIKE HAMMANN


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