SB 615 - Callahan, Victor
Modifies provisions of the Homestead Preservation Exemption Tax Credit Program
Bill Details
Sponsor
LR Number
2531S.01I
Title
SB 615
House Handler
N/A
Journal Page
Effective Date
August 28, 2007
Committee
Current Status
Second Read and Referred S Ways & Means Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 615 - This act requires the director of the Department of Revenue to calculate the levels of appropriation necessary to set the homestead exemption limit anywhere between one hundredth of one percent and five percent for reassessment years and one hundredth of one percent and two and a half percent for non-reassessment years. In doing so, the General Assembly could appropriate sufficient funds to offset any increase in property tax liability experienced by eligible taxpayers in a given year.
JASON ZAMKUS