Introduced
To replace references to “homestead” in the General Property Tax Act with the term “principle residence.” The definition in the Act would be the same as that now used for “homestead.” Recent testimony indicates that some homeowners eligible for lower “homestead” rates on property tax levies have been confused by the existence of an unrelated “homestead income tax credit" for low income persons, and have therefore failed to fill out a required “homestead affidavit” certifying that their home is their principle residence. Unlike the income tax credit, the lower property tax rate on a person’s principle residence does not depend on income, but the affidavit is required to get the lower rate.
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the substitute (S-2) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one recommended by the committee which reported it. The substitute incorporates technical changes resulting from committee testimony and deliberation. These changes do not affect the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the Senate 36 to 0 (details)
Referred to the Committee on Tax Policy
Reported without amendment
With the recommendation that the substitute (H-2) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one recommended by the committee which reported it, but subsequently superceded by another substitute with more technical changes. See substitute offered by Rep. Lorence Wenke and House-passed bill for details.
The substitute failed by voice vote
Substitute offered
by
To replace the previous version of the bill with one which also exempts from personal property tax commercial aircraft used for intrastate travel. See House-passed bill for details.
The substitute passed by voice vote
Passed in the House 109 to 0 (details)
To replace references to “homestead” in the General Property Tax Act with the term “principle residence.” The definition in the Act would be the same as that now used for “homestead.” Recent testimony indicates that some homeowners eligible for lower “homestead” rates on property tax levies have been confused by the existence of an unrelated “homestead income tax credit" for low income persons, and have therefore failed to fill out a required “homestead affidavit” certifying that their home is their principle residence. Unlike the income tax credit, the lower property tax rate on a person’s principle residence does not depend on income, but the affidavit is required to get the lower rate. The bill would also exempt from personal property tax commercial aircraft used for intrastate travel. Commercial aircraft used for interstate travel are already exempt, and intrastate aircraft have not been subject to the tax since 1988 under Treasury Department rulings. The substitute would make this regulatory exemption more permanent by placing it in statute.
Passed in the Senate 36 to 0 (details)
To concur with the House-passed version of the bill.
