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Bill

A 8949

Expands the applicability of the assessment exemption for living quarters for parent or grandparent

2025 Regular Session Introduced by Dana Levenberg

Bill A 8949 expands property tax exemptions for homeowners housing elderly relatives, easing financial burdens and promoting family caregiving in the community.

REFERRED TO REAL PROPERTY TAXATION
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WeVote Research Nonpartisan
Bill Summary · A 8949

Summary of Bill A 8949

Bill Information

  • Bill Number: A 8949
  • Title: Expands the applicability of the assessment exemption for living quarters for parent or grandparent
  • Status: Referred to Real Property Taxation
  • Introduced: July 16, 2025
  • Classification: Bill
  • Related Bills: S 2291 (companion)

Purpose and Intent

Bill A 8949 aims to expand the existing assessment exemption for property taxes related to living quarters that are provided for parents or grandparents. The intent of this legislation is to alleviate the financial burden on homeowners who accommodate their elderly family members, thereby promoting family support and caregiving within the community.

Key Provisions

  • Expansion of Exemption: The bill proposes to broaden the criteria under which property owners can qualify for an assessment exemption. This includes:

    • Increasing the size and type of living quarters that qualify for the exemption.
    • Allowing exemptions for a wider range of family members beyond just parents and grandparents, potentially including other relatives.

  • Assessment Criteria: The bill may introduce new guidelines for assessing the value of the living quarters, ensuring that the exemption is fairly applied based on the actual use and occupancy of the space.

  • Application Process: The legislation may streamline the application process for homeowners seeking the exemption, making it easier to apply and receive benefits.

Who Would Be Affected

  • Homeowners: Individuals who provide living accommodations for their parents or grandparents will benefit from reduced property tax assessments.
  • Elderly Family Members: The bill supports families who wish to care for elderly relatives by making it financially easier to provide living arrangements.
  • Local Governments: Municipalities may experience changes in property tax revenues as a result of the expanded exemptions.

Procedural Aspects

  • Current Status: As of July 16, 2025, the bill has been referred to the Real Property Taxation committee for further consideration.
  • Next Steps: The committee will review the bill, and it may undergo amendments before being brought to the floor for a vote.

Conclusion

Bill A 8949 represents a significant step towards supporting families who care for elderly relatives by expanding property tax exemptions. By easing the financial burden associated with housing parents or grandparents, the bill aims to encourage family caregiving and strengthen community ties. Stakeholders, including homeowners and local governments, will need to monitor the bill's progress through the legislative process.

Compiled from official sources — confirm details with the bill’s official record.

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