| SB 0821 | Lowers age limit for circuit breaker claimants and raises maximum upper limit to $20,000 and minimum base to $10,900 |
| Sponsor: | Schneider | |||
| LR Number: | S3513.01I | Fiscal Note: | 3513-01 | |
| Committee: | Corrections and General Laws | |||
| Last Action: | 01/27/98 - Referred S Corrections & General Laws Committee | Journal page: | S111 | |
| Title: | ||||
| Effective Date: | August 28, 1998 | |||
SB 821 - This act changes the property tax circuit breaker
law by lowering the age limit from the current 65 years of age to
62 and by raising the income levels necessary to qualify for the
credit. The maximum upper limit is increased from the current
$15,000 to $20,000, and the minimum base is increased from the
current $5,900 to $10,900. The changes apply to 1998 and later
years.
RUSS HEMBREE