Bill Status of HB0067 93rd General Assembly
Short Description: PROPERTY TAX-SENIOR EXEMPTION
Rep. Jack D. Franks - Robert F. Flider - Richard T. Bradley - Ralph C. Capparelli - Robert S. Molaro, Harry Osterman, Mike Boland, Brandon W. Phelps, William Davis, Robert Rita, Kevin Joyce, Michael K. Smith, Naomi D. Jakobsson and Gary Forby
| 1/11/2005||House||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Property Tax Code. Provides that for purposes of the senior citizens assessment freeze homestead exemption eligibility threshold, "income" is defined to mean adjusted gross income, properly reportable for federal income tax purposes (now, federal adjusted gross income plus various additions for payments made or moneys received during the taxable year, including interest or dividend income, state income tax payments, annuity income, social security payments, railroad retirement payments, public assistance payments, and a deduction carried over from a prior year for a net operating or capital loss). Amends the Senior Citizens Assessment Freeze Homestead Exemption provision and the State Mandates Act to require implementation without reimbursement from the State. Effective immediately.