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2004 SESSION

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HB 95 Real estate tax; increases transferred assets of elderly or disabled prior to reduced imposition.

Introduced by: Mark L. Cole | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Real property tax exemption; elderly and disabled. Increases 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.

FULL TEXT

• 01/14/04  House: Presented & ordered printed, prefiled 12/17/03 041339272  pdf | impact statement

HISTORY

• 01/14/04  House: Presented & ordered printed, prefiled 12/17/03 041339272
• 01/14/04  House: Referred to Committee on Finance
• 01/15/04  House: Assigned to Finance sub-committee: 1
• 01/21/04  House: Incorporated by Fin. (HB94-Cole) (21-Y 0-N)