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House Bill 1006
ARCHIVE (2004)
Latest Information
| DIGEST OF HB1006 (Updated January 20, 2004 5:14 pm - DI 84) Property tax deduction increases. Increases the deduction amount for the following: (1) elderly deduction; (2) blind or disabled deduction; (3) 10% disabled veteran's deduction; (4) 100% disabled or elderly veteran's deduction; (5) WWI surviving spouse deduction; (6) WWI veteran's deduction; (7) one and two family dwelling rehabilitation deduction; (8) 50 year old home rehabilitation deduction; and (9) residentially distressed area deduction. Allows a property owner to determine the year in which a five year residential rehabilitation period begins and allows a property owner to revive a deduction not taken for the assessment date in 2003 or an earlier year. Dedicates revenue generated by a 0.1% increase in the corporate adjusted gross income tax rate to 8.6% and a 0.1% increase in the utility receipts tax rate to 1.5% to freeze the property taxes of resident homeowners who are at least 65 years of age and whose adjusted gross income does not exceed $25,000. Makes an appropriation. |
Current Status:
>Latest Printing > (PDF)
- Action List
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- Introduced Bill > (PDF)
- Fiscal Impact Statement(s): >1(PDF), >2(PDF), >3(PDF), >4(PDF), >5(PDF)
- Roll Call(s): >No. 19(PDF), >No. 22(PDF), >No. 23(PDF), >No. 26(PDF)
- House Committee Reports
- House Amendments
- Filed: >1006-1, >1006-1, >1006-1(PDF), >1006-1(PDF), >1006-2, >1006-2, >1006-2(PDF), >1006-2(PDF), >1006-3, >1006-3(PDF), >1006-3(PDF)
- Passed: >1006-2, >1006-2(PDF), >1006-3, >1006-3(PDF)
> - House Bill> (PDF)
- Senate Committee Reports
- Senate Amendments
- Conference Committee Reports
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