Bill > S1111

Introduced Session

This bill would revise criteria to establish the base year for the homestead property tax reimbursement. Under current law, when an eligible claimant moves from one home to another, the base year changes to the first full tax year during which the person resides in the new homestead. This bill would allow the claimant to keep the base year established in their initial year of eligibility. Thus, the reimbursement amount for the current homestead would be calculated with reference to the base year applicable to their former homestead. However, if the new homestead is new construction, or has been newly constructed during any year since the claimant's eligibility began, the base year would be the first full tax year following the construction's completion. New construction would mean a homestead that first became taxable in a year subsequent to an eligible claimant's base year. This bill would further revise current law to allow the claimant to receive reimbursement immediately following a move to a new homestead. Under current law, the claimant must wait until the second full tax year following relocation for reimbursement eligibility to resume.

AI Summary

Committee Categories

Fred Madden (D)*,  Declan O'Scanlon (R)*,  Bob Smith (D), 

Referred to Senate Budget and Appropriations Committee (on 03/04/2019)