SB 675 - House Committee Substitute Summary

- House Committee Substitute -

HCS/SS/SCS/SBs 675, 483, 490 & 564 - This act changes elements of the property tax circuit breaker law. The act raises the maximum upper limit from the current $15,000 to $22,000 and the minimum base from the current $5,900 to $12,500.

The Department of Revenue is required to determine if any taxpayer who files a return and has not applied for the credit may nevertheless be eligible for it. The department is required to notify the claimant of his or her potential eligibility.

RUSS HEMBREE