Bill
S 6427
Overview: Bill Number: S 6427, Title: Grants a total exemption from real property taxation for school tax purposes for certain persons seventy-five years of age or over, Status: RE
Overview: Bill Number: S 6427, Title: Grants a total exemption from real property taxation for school tax purposes for certain persons seventy-five years of age or over, Status: REFERRED TO LOCAL GOVERNMENT, Introduced: March 13, 2025
Purpose and Intent: The purpose of this bill is to provide a full exemption from school district property taxes for individuals aged 75 and older. The intent is to offer tax relief and financial assistance to senior citizens on fixed incomes.
Key Provisions:
- Grants a 100% exemption from school district real property taxes for homeowners aged 75 and over
- Eligibility is limited to individuals with a total household income below $50,000 per year
- The exemption applies to the primary residence only and does not extend to other properties owned by the taxpayer
- Requires annual renewal of the exemption and verification of income eligibility
Affected Parties and Impacts:
- Senior citizens aged 75 and older who meet the income requirements would benefit from the full school tax exemption
- School districts may experience a reduction in property tax revenue, which could impact their budgets and funding for educational programs
- Local governments would be responsible for administering the exemption program and verifying applicant eligibility
Procedural and Timeline Considerations:
The bill has been referred to the Local Government Committee for review. If enacted, the school tax exemption would likely take effect for the next tax year, providing immediate relief to eligible senior homeowners.
Compiled from official sources — confirm details with the bill’s official record.
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