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2013 Senate Bill 425: Revise principle residence property tax credit detail
Introduced by Sen. Jack Brandenburg (R) on June 12, 2013
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 June 12, 2013
Reported in the Senate on October 17, 2013
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered in the Senate on November 5, 2013
The substitute passed by voice vote in the Senate on November 5, 2013
Received in the House on November 6, 2013
Referred to the House Tax Policy Committee on November 6, 2013
Reported in the House on May 21, 2014
Without amendment and with the recommendation that the bill pass.