Laura Murphy
- Democratic
- Senator
- District 28
Primary
Amends the Property Tax Code. Provides that, for taxable year 2023, the maximum income limitation for the low-income senior citizens assessment freeze homestead exemption is (i) $75,000 for qualified property in a county with 3,000,000 or more inhabitants and (ii) $65,000 for qualified property located in a county with fewer than 3,000,000 inhabitants. Provides that, for taxable years 2024 and thereafter, the maximum income limitation for the low-income senior citizens assessment freeze homestead exemption is $75,000 for all qualified property. Amends the Senior Citizens Real Estate Tax Deferral Act. Provides that the maximum household income under the Act is $75,000 for tax years 2023 and thereafter. Effective immediately.
No votes to display
Added as Chief Co-Sponsor Sen. Linda Holmes
Rule 3-9(a) / Re-referred to Assignments
Rule 2-10 Committee Deadline Established As May 3, 2024
Added as Co-Sponsor Sen. Michael W. Halpin
Rule 2-10 Committee Deadline Established As April 5, 2024
Added as Chief Co-Sponsor Sen. Mary Edly-Allen
Re-assigned to Revenue
Rule 3-9(a) / Re-referred to Assignments
Assigned to Revenue
Filed with Secretary by Sen. Laura M. Murphy
Referred to Assignments
First Reading
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