Bill Status of SB0011 93rd General Assembly
Short Description: PROP TAX-SR CIT ASSESS FREEZE
Sen. Lawrence M. Walsh - Louis S. Viverito - Debbie DeFrancesco Halvorson - Barack Obama - Chris Lauzen, Jeffrey M. Schoenberg, George P. Shadid, Terry Link, Ira I. Silverstein, James F. Clayborne, Jr., M. Maggie Crotty, Antonio Munoz, Martin A. Sandoval, Iris Y. Martinez, Don Harmon, Susan Garrett, John M. Sullivan and Mattie Hunter
| 1/11/2005||Senate||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Senior Citizens Assessment Freeze Homestead Exemption provisions in the Property Tax Code. Provides that "income" does not include Social Security benefits. Increases the ceiling for household income eligibility, for taxable years 2003 and thereafter, from $40,000 per year to $45,000 per year. Amends the Senior Citizens Assessment Freeze Homestead Exemption provisions and the State Mandates Act to require implementation without reimbursement from the State. Effective immediately.