Bill > S2522

This bill amends the law regarding homestead property tax reimbursement eligibility for individuals who move their primary residence within the same municipality. Specifically, it allows eligible claimants who move to a new homestead of equal or lesser value within the same town, and which is not newly constructed, to qualify for reimbursement in the first full tax year after their move, provided they meet all other income and eligibility requirements. This change is intended to benefit those who have previously qualified for property tax relief and are relocating within their community, with the provision that this updated eligibility for moving within the same municipality will not apply to tax years before January 1, 2015.