summary
Introduced
03/19/2025
03/19/2025
In Committee
03/19/2025
03/19/2025
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Session
Bill Summary
This bill proposes to extend the due date, and provide relief for, a late filed homestead declaration. The bill also increases the household income threshold used to qualify for a property tax credit and increase the amount of housesite value that is factored into the computation of the credit amount.
AI Summary
This bill proposes changes to homestead declarations and property tax credits in Vermont. Specifically, the bill aims to extend the deadline for filing a late homestead declaration, providing relief for homeowners who miss the original filing deadline. Additionally, the bill increases the household income threshold used to determine eligibility for a property tax credit and expands the amount of housesite value that is used to calculate the credit amount. These modifications are intended to provide more flexibility for homeowners and potentially offer greater financial assistance to those who qualify, making property tax credits more accessible and beneficial for Vermont residents.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
House Committee on Ways and Means Hearing (00:00:00 5/2/2025 ) (on 05/02/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.vermont.gov/bill/status/2026/H.486 |
| BillText | https://legislature.vermont.gov/Documents/2026/Docs/BILLS/H-0486/H-0486%20As%20Introduced.pdf |
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