2013 Senate Bill 425

Revise principle residence property tax credit detail

Introduced in the Senate

June 12, 2013

Introduced by Sen. Jack Brandenburg (R-11)

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 Committee on Finance

Oct. 17, 2013

Reported without amendment

With the recommendation that the substitute (S-1) be adopted and that the bill then pass.

Nov. 5, 2013

Substitute offered

The substitute passed by voice vote

Nov. 6, 2013

Passed in the Senate 37 to 0 (details)

Received in the House

Nov. 6, 2013

Referred to the Committee on Tax Policy

May 21, 2014

Reported without amendment

Without amendment and with the recommendation that the bill pass.