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2012 Senate Bill 907: Revise homestead property tax credit detail
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.   Official Text and Analysis.
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
Received in the House on May 17, 2012
Referred to the House Tax Policy Committee on May 17, 2012

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