Bill > HB1330

This bill, effective for taxable years beginning after June 30, 2027, modifies the application process for the homeowners' property tax credit, a benefit designed to reduce property tax burdens for eligible homeowners. Previously, applications had specific deadlines, with a general deadline of February 14th for the taxable year and provisions for late applications under certain circumstances. This legislation shifts the application cycle to be year-round, meaning homeowners can apply for the credit at any point during the year for which they are seeking relief, rather than being restricted to a specific application period. The bill also makes conforming changes to the deadlines related to when applications must be received for tax bills to be adjusted and when property taxes become due, ensuring these timelines align with the new year-round application system.