Increases annual income limitation to receive senior and disabled citizens' property tax deduction to $15,000.
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Progress
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- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill proposes to increase the annual income limit for senior and disabled citizens to qualify for a property tax deduction from $5,000 to $15,000. Currently, residents aged 65 or older, or disabled individuals, can receive a deduction if their annual income is below a certain threshold. The bill aims to make this benefit more accessible to low-income seniors and disabled individuals by raising the income limit. However, the increase requires voter approval through a constitutional amendment.
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