HB 1832 -- Income Tax: Circuit Breaker
Co-Sponsors: Levin, Pouche
Under current law, the senior citizen/disabled persons property
tax credit for state income taxes, commonly known as "circuit
breaker," has a maximum qualifying income level of $25,000 for a
single taxpayer and $27,000 for a married couple. It also has a
maximum property tax credit of $750. This bill increases these
maximums to $30,000, $40,000, and $2,000, respectively,
beginning with calendar year 2001 and thereafter.
The bill will become effective January 1, 2001.
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Last Updated October 5, 2000 at 11:35 am