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- Subject Index: Since 1995
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2004 SESSION
HB 94 Real estate tax; increases asset thresh. amts. of elderly or disabled prior to reduced imposition.
Introduced by: Mark L. Cole | all patrons ... notes | add to my profiles
SUMMARY AS PASSED HOUSE: (all summaries)
Real property tax exemption; elderly and disabled. Changes the financial criteria that localities may use in determining eligibility for real estate exemptions or deferrals for the elderly or disabled by: (i) increasing from $8,500 to $10,000 the amount of income of a nonspouse relative living with an elderly or disabled person; (ii) increasing from $5,000 to $10,000 the maximum amount of assets that an elderly or disabled person needing live-in assistance from a relative and enjoying a real estate tax exemption may transfer without adequate consideration, and still exclude the relative's income for purposes of determining maximum income for the tax exemption; (iii) increasing from $100,000 to $200,000 the maximum financial work cap; and (iv) increasing from $7,500 to $10,000 the maximum amount a locality may exclude from the income of a totally disabled person in calculating maximum income allowed.
FULL TEXT
- 01/14/04 House: Presented & ordered printed, prefiled 12/17/03 041338272 pdf | impact statement
- 01/22/04 House: Committee substitute printed 042578272-H1 pdf | impact statement
- 03/02/04 House: Bill text as passed House and Senate (HB94ER) pdf | impact statement
- 03/12/04 Governor: Acts of Assembly Chapter text (CHAP0077) pdf
- 03/17/04 Governor: Acts of Assembly Chapter text reprinted (CHAP0077) pdf
HISTORY
- 01/14/04 House: Presented & ordered printed, prefiled 12/17/03 041338272
- 01/14/04 House: Referred to Committee on Finance
- 01/15/04 House: Assigned to Finance sub-committee: 1
- 01/21/04 House: Reported from Finance with sub (21-Y 0-N)
- 01/22/04 House: Committee substitute printed 042578272-H1
- 01/23/04 House: Read first time
- 01/26/04 House: Read second time
- 01/26/04 House: Committee substitute agreed to 042578272-H1
- 01/26/04 House: Engrossed by House - committee substitute HB94H1
- 01/27/04 House: Read third time and passed House BLOCK VOTE (98-Y 0-N)
- 01/27/04 House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
- 01/27/04 House: Communicated to Senate
- 01/28/04 Senate: Constitutional reading dispensed
- 01/28/04 Senate: Referred to Committee on Finance
- 02/18/04 Senate: Reported from Finance (13-Y 0-N)
- 02/19/04 Senate: Constitutional reading dispensed (37-Y 0-N)
- 02/19/04 Senate: VOTE: CONST. RDG. DISPENSED R (37-Y 0-N)
- 02/20/04 Senate: Read third time
- 02/20/04 Senate: Passed Senate (39-Y 0-N)
- 02/20/04 Senate: VOTE: PASSAGE R (39-Y 0-N)
- 03/02/04 House: Bill text as passed House and Senate (HB94ER)
- 03/02/04 House: Enrolled
- 03/02/04 House: Signed by Speaker
- 03/03/04 Senate: Signed by President
- 03/12/04 Governor: Approved by Governor-Chapter 77 (effective 7/1/04)
- 03/12/04 Governor: Acts of Assembly Chapter text (CHAP0077)
- 03/17/04 Governor: Acts of Assembly Chapter text reprinted (CHAP0077)