HB1746

Adjusts the maximum income limitation for the low-income senior citizens assessment freeze homestead exemption.

HB1746 amends the Property Tax Code to adjust the maximum income limitation for the low-income senior citizens assessment freeze homestead exemption. For taxable years 2026 and thereafter, the maximum income limitation is set at $80,000 or $80,000 adjusted by certain increases in the consumer price index-u, whichever is greater. The bill also outlines procedures for applying for the exemption, including the submission of an affidavit and the conditions under which the exemption may be granted or denied.