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S04165 Summary:
| BILL NO | S04165 |
| SAME AS | SAME AS A00646 |
| SPONSOR | MONTGOMERY |
| COSPNSR | THOMPSON |
| MLTSPNSR | |
| Amd S606, Tax L | |
| 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. | |