Raises the income eligibility for senior citizens and disabled residents to seventy-five thousand dollars.
This bill amends the real property tax law to increase the income eligibility threshold for senior citizens and disabled residents. Specifically, it raises the income limit for senior citizens from fifty thousand dollars to seventy-five thousand dollars, and for disabled residents from twenty-five thousand dollars to seventy-five thousand dollars. This change affects those who qualify for tax abatements based on income levels.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.