Bill > S04739

This bill provides a real property tax relief credit and an enhanced real property tax circuit breaker credit for certain taxpayers who meet income requirements and other eligibility criteria. The real property tax relief credit is available to taxpayers whose qualified gross income is no greater than $275,000 and who own and primarily reside in real property receiving the STAR exemption or school tax relief credit. The enhanced real property tax circuit breaker credit is available to qualified taxpayers who are residents of a city with a population over one million, have occupied the same residence for at least 6 months of the taxable year, and have household gross income less than $200,000. The credits are designed to provide tax relief for eligible homeowners and renters.