SB 68 IN
Property tax deduction for persons age 65 and older.
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Summary
Provides an assessed value deduction for individuals who are at least 65 years of age, who reside in their home and have owned their home for at least 5 years, and meet certain other specified criteria. Provides that the deduction amount is equal to $120,000.
Sponsor (1)
- La Keisha Jackson Democratic · author
Action history (2)
- Jan 8, 2025 Authored by Senator Jackson L · upper
- Jan 8, 2025 First reading: referred to Committee on Tax and Fiscal Policy · upper
Subjects
PROPERTY; HousingSENIOR CITIZENSTAXES; DeductionsTAXES; Property Taxes
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