•  Summary 
 
•  Actions 
 
•  Votes 
 
•  Memo 
 
•  Text 
• (Printer friendly text)

A05571 Summary:

BILL NO    A05571 

SAME AS    No same as 

SPONSOR    McLaughlin (MS)

COSPNSR    Stevenson, Calhoun, Saladino, Molinaro, Butler

MLTSPNSR   Hawley, Johns

Add SS431 & 901, RPT L

Provides for the imposition of a fixed real property assessed value on
residential property owned by persons 65 years of age or older, when such
owners have a combined annual income of $100,000 or less and the property taxes
on such property equals or exceeds 6% of the owners' combined annual income;
provides for state reimbursement to municipalities for tax revenue lost
pursuant to such fixed real property assessed value.