Bill Title: Amends the Property Tax Code. Creates a middle class tax credit limited to a reduction in the equalized assessed value of homestead property owned by a middle class homeowner of 5% of the equalized assessed value of the property for the current assessment year. Provides that the maximum exemption is limited to $5,000. Effective immediately.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2022-06-15 - Chief Sponsor Changed to Sen. Don Harmon [SB1745 Detail]

Text: Latest bill text (Introduced) [HTML]

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