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.