2012 Senate Bill 907

Revise homestead property tax credit detail

Introduced in the Senate

Jan. 24, 2012

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

Jan. 26, 2012

Reported without amendment

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

May 15, 2012

Substitute offered

The substitute passed by voice vote

May 16, 2012

Amendment offered by Sen. Jack Brandenburg (R-11)

To specify procedures for claiming the tax exemption.

The amendment passed by voice vote

Passed in the Senate 37 to 1 (details)

Received in the House

May 17, 2012

Referred to the Committee on Tax Policy