Introduced by Sen. Jack Brandenburg (R) on January 24, 2012, to extend the Proposal A “homestead property tax” credit that exempts an individual’s principle residence from local school operating taxes (usually 18 mills) so that it also applies if the form of home ownership is a trust with the home occupant is the trust’s beneficiary.
Referred to the Senate Finance Committee on January 24, 2012.
Reported in the Senate on January 26, 2012, with the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered in the Senate on May 15, 2012. The substitute passed by voice vote in the Senate on May 15, 2012.
Amendment offered by Sen. Jack Brandenburg (R) on May 16, 2012, to specify procedures for claiming the tax exemption. The amendment passed by voice vote in the Senate on May 16, 2012.