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S04165 Summary:
BILL NO | S04165 |
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SAME AS | SAME AS A00646 |
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SPONSOR | MONTGOMERY |
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COSPNSR | THOMPSON |
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MLTSPNSR | |
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Amd S606, Tax L | |
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Establishes a personal income tax credit for a portion of a taxpayer's residential real property taxes which exceeds a certain percentage of the taxpayer's household gross income; provides that the taxpayer shall have resided in such residential real property for not less than 10 years; provides that such credit shall not apply to taxpayers whose household gross income exceeds $250,000 or who have received the school tax relief exemption on such real property. |