Bill > H2629

This bill proposes to expand the "senior citizen circuit breaker" tax credit, which is a tax relief program designed to help eligible senior citizens reduce their property tax burden. Specifically, the bill amends existing law to allow a portion of home heating costs, specifically 25 percent of what was actually paid for home heating oil, natural gas, or propane during the taxable year, to be included when calculating the amount of the tax credit. This change applies to both homeowners who pay property taxes directly and renters who pay rent that includes a portion considered as real estate tax.