Introduced
by
To authorize an income tax credit equal to amount of extra property tax paid by the buyer of foreclosed home who does not qualify for a principle residence property tax exemption for the year because the transaction occurred after May 1. Under current law, if an owner has not filed the principal residence (homestead) property tax exemption for a residence by May 1, then the property tax exemption does not apply until the following year.
Referred to the Committee on Tax Policy
