summary
Introduced
01/10/2024
01/10/2024
In Committee
05/04/2024
05/04/2024
Crossed Over
05/23/2024
05/23/2024
Passed
05/23/2024
05/23/2024
Dead
Signed/Enacted/Adopted
06/06/2024
06/06/2024
Introduced Session
2024 Regular Session
Bill Summary
CONCERNING THE REINSTATEMENT OF AN INCOME TAX CREDIT TO HELP INCOME-QUALIFIED SENIORS AFFORD HOUSING, AND, IN CONNECTION THEREWITH, MAKING AN APPROPRIATION.
AI Summary
This bill would reinstate an income tax credit to help income-qualified seniors afford housing. For the 2024 tax year, qualifying seniors with a federal adjusted gross income of $75,000 or less (or $125,000 or less for joint filers) would be eligible for a credit of up to $800, which would be gradually reduced as their income increases. The bill also requires the property tax administrator to provide reports to the Department of Revenue to help confirm taxpayer eligibility. Additionally, the bill makes an appropriation to the Department of Revenue and the Department of Personnel to implement the tax credit.
Committee Categories
Budget and Finance
Sponsors (58)
Chris Hansen (D)*,
Chris Kolker (D)*,
Bob Marshall (D)*,
Michael Weissman (D)*,
Jennifer Bacon (D),
Shannon Bird (D),
Jeff Bridges (D),
Kyle Brown (D),
Janet Buckner (D),
Marc Catlin (R),
Chad Clifford (D),
Lisa Cutter (D),
Jessie Danielson (D),
Lindsey Daugherty (D),
Monica Duran (D),
Regina English (D),
Elisabeth Epps (D),
Tony Exum (D),
Steve Fenberg (D),
Rhonda Fields (D),
Meg Froelich (D),
Lorena García (D),
Joann Ginal (D),
Julie Gonzales (D),
Tim Hernández (D),
Leslie Herod (D),
Sonya Jaquez Lewis (D),
Iman Jodeh (D),
Junie Joseph (D),
Chris Kennedy (D),
Cathy Kipp (D),
Sheila Lieder (D),
Mandy Lindsay (D),
William Lindstedt (D),
Meghan Lukens (D),
Javier Mabrey (D),
Janice Marchman (D),
Julia Marvin (D),
Julie McCluskie (D),
Karen McCormick (D),
Barbara McLachlan (D),
Dafna Michaelson Jenet (D),
Kyle Mullica (D),
David Ortiz (D),
Kevin Priola (D),
Naquetta Ricks (D),
Manny Rutinel (D),
Emily Sirota (D),
Tammy Story (D),
Tom Sullivan (D),
Brianna Titone (D),
Alex Valdez (D),
Elizabeth Velasco (D),
Stephanie Vigil (D),
Jenny Willford (D),
Faith Winter (D),
Steven Woodrow (D),
Mary Young (D),
Last Action
Governor Signed (on 06/06/2024)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Loading...