91st General Assembly
Summary of HB2690
   [ Home ]   [ Back ]   [ Legislation ]
Please enter a bill number.

 Full Text  Bill Status
House Sponsors:

Short description: 
FIRST TIME HOMESTEAD EXEMPT                                                

Synopsis of Bill as introduced:
        Amends the Property Tax Code. Provides that beginning in  taxable      
   year  1999,  a  first-time home buyer of qualifying homestead property      
   receives an additional  homestead  exemption  of  $1,000  if  (i)  the      
   homebuyer's  adjusted  gross income as reported for federal income tax      
   purposes is less than  $100,000  and  (ii)  the  homestead  property's      
   equalized  assessed  value  is  less  than  $200,000. Amends the State      
   Mandates  Act  to  require   implementation   without   reimbursement.      
   Effective immediately.                                                      
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


 Full Text  Bill Status