The "Property Tax Deductions and Credits" bill proposes to provide deductions and credits related to property taxes. The main purpose of the bill is to offer tax relief to individuals who pay property taxes by allowing them to deduct or receive credits for these expenses. This measure aims to lessen the financial burden on taxpayers who own property. The bill outlines provisions for claiming deductions or receiving credits based on specified criteria, potentially resulting in reduced tax liabilities for eligible individuals. If enacted, this bill could have a significant impact on taxpayers by lowering their overall tax obligations, particularly those related to property ownership.
2024-01-11: Coauthored by Representatives Cherry, Heine, DeLaney
2024-01-11: Authored by Representative Judy
2024-01-11: First reading: referred to Committee on Ways and Means
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