HB 237 -- Circuit Breaker Increase

Co-Sponsors:  Levin, Secrest

Under current law, the senior citizen/disabled persons property
tax credit for state income taxes, commonly known as "circuit
breaker", has a maximum qualifying income level of $25,000 for a
single taxpayer and $27,000 for a married couple.  It also has a
maximum property tax credit of $750.  This bill will increase
these maximums to $30,000, $40,000 and $2,000, respectively,
beginning with calendar year 2000 and thereafter.

This bill will become effective January 1, 2000.