Summary of the Introduced Bill

HB 1044 -- Income Tax:  Property Tax Credit

Sponsor:  Bearden

This bill allows a non-refundable individual income tax credit
equal to the amount of property taxes paid or $150 per year,
whichever is less.  The maximum credit will be $150 per tax
return, regardless of whether the taxpayer's filing status is
married or single.

The credit will apply to tax years 2003 and beyond.

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Last Updated October 11, 2002 at 9:00 am