Jack E. Sandlin
- Republican
Author
Authorizes a county fiscal body to adopt an ordinance to provide a credit against property tax liability for qualified individuals. Defines a "qualified individual" for purposes of the credit. Provides that the ordinance may designate: (1) all of the territory of the county; or (2) one or more specific geographic territories within the county; as a neighborhood enhancement district in which qualified individuals may apply for the credit. Provides that the amount of the credit in a particular year is equal to the amount by which an individual's property tax liability increases by more than the percentage of increase specified by the county fiscal body from the prior year. Provides that the credit does not affect the allocation of taxes to a referendum fund. Requires a qualified individual who desires to claim the credit to file a certified statement with the county auditor. Provides that the county auditor shall apply the credit in succeeding years after the certified statement is filed unless the auditor determines that the individual is no longer eligible for the credit or the county fiscal body rescinds the ordinance. Provides a penalty for wrongly receiving the credit that is the same as the penalty for wrongly receiving the homestead standard deduction. Provides that an individual may not receive both a county option circuit breaker tax credit and an over 65 property tax credit in the same year. Provides that an ordinance must specify that the credit does not apply for property taxes first due and payable after December 31, 2027. Sunsets the county option on January 1, 2028.
Public Law 95
Signed by the Governor
Signed by the President of the Senate
Signed by the Speaker
Signed by the President Pro Tempore
Senate concurred in House amendments; Roll Call 347: yeas 48, nays 0
Motion to concur filed
Returned to the Senate with amendments
Third reading: passed; Roll Call 348: yeas 96, nays 1
Second reading: ordered engrossed
Committee report: amend do pass, adopted
First reading: referred to Committee on Ways and Means
Representative Pryor added as cosponsor
Representative Behning added as cosponsor
Referred to the House
Cosponsor: Representative GiaQuinta
House sponsor: Representative McGuire
Third reading: passed; Roll Call 64: yeas 49, nays 0
Second reading: ordered engrossed
Senator Randolph added as coauthor
Committee report: amend do pass, adopted
Senator Buchanan added as third author
Senator Holdman added as second author
First reading: referred to Committee on Tax and Fiscal Policy
Authored by Senator Sandlin
| Bill Text Versions | Format |
|---|---|
| Introduced Senate Bill (S) | |
| Senate Bill (S) | |
| Senate Bill (H) | |
| Enrolled Senate Bill (S) |
| Document | Format |
|---|---|
| Fiscal Note: SB0046.04.ENRH.FN001 |
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