House Sponsors: OSTERMAN-CURRIE-CURRY,JULIE-HULTGREN-FRANKS, FEIGENHOLTZ, COLVIN, LINDNER AND BLACK. Senate Sponsors: WALSH,T-OBAMA-VIVERITO Short description: SR CIT TAX DEFER-INCOME & AGE Synopsis of Bill as introduced: Amends the Senior Citizens Real Estate Tax Deferral Act. Changes the age of eligibility for a deferral from 65 to 62. Increases the household income eligibility level from $25,000 per year to $35,000 per year. Effective immediately. FISCAL NOTE (Department of Revenue) The additional population would increase the cost of the current program by $2.2 million per year, to a total of $5.8 million per year. These funds will, however, be repaid to the State at a statutorily-imposed interest rate of 6%, upon the death of the homeowner, or any transfer of the property. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status