Bill
HB 2026
Overview: HB 2026, concerning rental income received by people eligible for certain property tax exemption programs, is currently in the House Rules "X" file. It was introduced on
Overview: HB 2026, concerning rental income received by people eligible for certain property tax exemption programs, is currently in the House Rules "X" file. It was introduced on January 22, 2025.
Purpose and Intent: The main goal of this bill is to address the treatment of rental income for individuals who are eligible for certain property tax exemption programs. The intent is to provide clarity and consistency in how rental income is considered for these exemption programs.
Key Provisions:
- Specifies that rental income received by individuals eligible for property tax exemption programs, such as the senior citizen or disabled person exemption, shall not be included in the calculation of their income for the purposes of determining eligibility for the exemption.
- Requires the state Department of Revenue to issue guidance and regulations to implement this change.
Affected Parties and Impacts:
- The bill would affect individuals who are eligible for property tax exemption programs and receive rental income.
- It aims to ensure that these individuals are not penalized or disqualified from the exemption programs due to the rental income they receive.
Procedural and Timeline Considerations:
The bill is currently in the House Rules "X" file, which means it has not been scheduled for further consideration. The next step would be for the House Rules Committee to decide whether to bring the bill up for a vote or take other action.
Compiled from official sources — confirm details with the bill’s official record.
Sign in to ask a question.
