Bill > S1959

This bill amends existing law to allow siblings who equally co-own a primary residence as tenants in common to claim a joint homestead property tax reimbursement, even if only one sibling meets the age requirement, provided they collectively meet the income and residency requirements for eligible claimants. A homestead is defined as a dwelling house and its land that serves as the claimant's principal residence. The homestead property tax reimbursement is intended to provide payment for the difference between property taxes paid in a base year and subsequent years, when the base year amount is lower.