SCS/HCS/HB 457 - This act modifies the qualifications for and the amount of credit allowed under the senior citizen/disabled person property tax credit, commonly known as circuit breaker. The program is renamed the Senior Citizens' Homestead Tax Relief Act. The act also: (1) Increases from $25,000 to $25,500 the maximum income allowed to claim the credit for single taxpayers and to $32,000 for married taxpayers, and indexes the new amount by the increase in the federal Consumer Price Index in increments of $50; and
(2) Increases from $13,000 to $13,300 the minimum base and indexes the new amount by the increase in the federal Consumer Price Index in increments of $50.
JASON ZAMKUS