2008 Senate Bill 1065

Increase income tax credit for home property tax

Introduced in the Senate

Jan. 29, 2008

Introduced by Sen. Nancy Cassis (R-15)

To increase from $1,200 to $1,500 the maximum value of the homestead property tax credit that a person with an income below a certain level can claim on his or her state income tax.

Referred to the Committee on Finance

March 27, 2008

Substitute offered

To replace the previous version of the bill with one that raised the credit to $1,300, and also raise the income cap above which the tax credit phases out.

The substitute passed by voice vote

Passed in the Senate 34 to 3 (details)

To increase from $1,200 to $1,300 the maximum value of the homestead property tax credit that a person with an income below a certain level can claim on his or her state income tax, and to increase that household income cap from $73,650 to 83,650.

Received in the House

April 8, 2008

Referred to the Committee on Commerce