Bill > HF916

Introduced Session

This bill modifies the eligibility for and the calculation of the amount of the property tax credit under Code chapter 425, subchapter II. Under current law, a person filing a claim for the property tax credit who is at least 65 years of age, meets certain income requirements, and does not meet other age and income eligibility criteria, is eligible for a credit based on income equal to specified percentages of property taxes due under the schedule in Code section 425.23(1)(a), but not to exceed $1,000. However, if the person filing a claim for the property tax credit is at least 70 years of age and has a household income of less than 250 percent of the federal poverty level, the tentative credit amount is equal to the greater of the following: (1) the amount of the credit as calculated under the schedule of credit amounts specified in Code section 425.23(1)(a) as if the claimant was an eligible claimant for a credit under that provision; and (2) the difference between the actual amount of property taxes due on the homestead during the applicable fiscal year minus the actual amount of property taxes due on the homestead based on a full assessment during the first fiscal year for which the claimant filed for a credit calculated under the Code chapter and if the claimant has filed for the credit for each of the subsequent fiscal years after the first credit claimed. The bill modifies the eligibility for the credit under current law available to claimants who have reached the age of 70 with a household income of less than 250 percent of the federal poverty level to include claimants who have reached the age of 65 regardless of income level. The bill applies to claims under Code chapter 425, subchapter II, filed on or after January 1, 2026.

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Dave Jacoby (D)*,  Larry McBurney (D)*, 

Introduced, referred to Ways and Means. H.J. 593. (on 03/11/2025)

Official Document