Introduced by Rep. Margaret O'Brien R-Portage on March 16, 2011
To grant a homestead property tax exemption after May 1 to a person who acquires and occupies a homestead for which an exemption was not already on the tax roll on May 1. Under current law, if an owner has not filed the principal residence (homestead) property tax exemption for a residence by May 1, then the property tax exemption does not apply until the following year. The bill would prorate the tax exemption based on how much of the tax year has passed after the May 1 date. Official Text and Analysis.
Referred to the House Tax Policy Committee on March 16, 2011
Reported in the House on June 6, 2012
Substitute offered in the House on September 27, 2012
To adopt a version of the bill that does not pro-rate new homestead property tax exemptions, but instesd pushes back the twice-a-year deadlines for them enacted in a bill passed after this one was introduced.
The substitute passed by voice vote in the House on September 27, 2012