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A 3054

Increases the income thresholds for eligibility for the senior citizen and disabled person property tax exemptions

2025 Regular Session Introduced by Jen Lunsford and 1 co-sponsor

Raises income limits to qualify for senior citizen and disabled property tax exemptions, broadening relief for eligible homeowners.

REFERRED TO AGING
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Bill Summary · A 3054

Bill A 3054 — Summary

Title and Purpose

  • Bill Number: A 3054
  • Title: Increases the income thresholds for eligibility for the senior citizen and disabled person property tax exemptions
  • Purpose: To raise the income limits used to determine eligibility for the property tax exemptions available to senior citizens and to disabled residents.

Status and Procedure

  • Status: Referred to the Aging Committee
  • Introduced: January 23, 2025
  • Legislative actions listed: Both entries show “REFERRed TO AGING” on 2025-01-23 (no additional actions noted in the provided record)
  • Implication: As of the provided information, the bill has begun its committee review process in the Assembly’s Aging Committee. No floor action or enactment timeline is available yet.

Sponsors

  • Primary sponsor: Jen Lunsford
  • Cosponsor: Kalman Yeger

Key Provisions (as described)

  • The bill would increase the income thresholds used to qualify for the senior citizen and disabled person property tax exemptions.
  • Specific numerical thresholds (exact income amounts, how they are calculated, whether asset tests or other criteria are adjusted) are not provided in the available information.
  • The change is targeted to eligibility criteria for property tax exemptions, affecting qualifying homeowners who are seniors or disabled.

Who Would Be Affected

  • Primary beneficiaries: Homeowners who are senior citizens or who are disabled and currently rely on property tax exemptions.
  • Local tax administrators and assessors: Those responsible for applying and verifying exemption eligibility would administer the adjusted thresholds.
  • Potential broader effects on local property tax revenue if more households qualify for exemptions (see “Potential Impacts”).

Related Legislation and Context

  • Related/Senate companions and prior-session bills include:
    • S 5832 (companion)
    • S 5832 (companion)
    • S 7803 (prior-session)
    • S 1244 (prior-session)
    • S 6523 (prior-session)
    • A 9557 (prior-session)
  • This bill aligns with existing or proposed companion measures in the Senate, indicating cross-chamber interest in adjusting exemption eligibility thresholds.

Potential Impacts and Considerations

  • Fiscal: Increasing eligibility thresholds could reduce certain local property tax revenues due to higher exemption uptake. The magnitude would depend on the new thresholds and affected property values.
  • Equity: The change could broaden access to tax relief for low- and fixed-income seniors and disabled residents, potentially enhancing housing affordability.
  • Administration: local assessors may need updated guidance and training to apply new thresholds consistently.
  • Timing: With committee referral underway, the bill could advance to further committee consideration and potentially floor votes if it progresses.

Next Steps for Stakeholders

  • Monitor committee action in the Aging Committee for hearings, amendments, and passage.
  • Review any fiscal impact analyses or fiscal notes associated with the bill (not provided here).
  • Coordinate with related Senate companion bills (e.g., S 5832) for legislative alignment and potential cross-chamber movement.

If you have access to the bill text or a fiscal note, I can update this summary with the exact thresholds and any additional requirements.

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

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