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Bill

A 4672

Relates to improving the real property tax relief credit

2025 Regular Session Introduced by Chris Burdick and 4 co-sponsors

Bill A 4672 enhances real property tax relief credits, increasing amounts and eligibility, helping homeowners, especially low- and middle-income families, afford taxes.

REFERRED TO WAYS AND MEANS
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WeVote Research Nonpartisan
Bill Summary · A 4672

Summary of Bill A 4672: Improving the Real Property Tax Relief Credit

Bill Information

  • Bill Number: A 4672
  • Title: Relates to improving the real property tax relief credit
  • Status: Referred to Ways and Means
  • Introduced On: February 04, 2025
  • Classification: Bill

Purpose and Intent

Bill A 4672 aims to enhance the existing real property tax relief credit, which is designed to provide financial assistance to property owners by reducing their tax burden. The intent of this bill is to make the credit more accessible and beneficial to a broader range of property owners, thereby promoting housing stability and affordability.

Key Provisions

While the specific provisions of Bill A 4672 have not been detailed in the provided information, typical improvements to real property tax relief credits may include:

  • Increased Credit Amounts: Raising the maximum allowable credit to provide greater financial relief.
  • Expanded Eligibility Criteria: Adjusting income thresholds or property value limits to include more homeowners.
  • Simplified Application Process: Streamlining the application procedure to make it easier for property owners to apply for and receive the credit.
  • Enhanced Outreach Programs: Implementing initiatives to inform eligible property owners about the availability of the credit and how to apply.

Affected Parties

The primary beneficiaries of Bill A 4672 would be:

  • Homeowners: Individuals and families who own property and are seeking relief from property taxes.
  • Low- and Middle-Income Residents: Those who may struggle to meet current tax obligations and would benefit from increased financial support.
  • Local Governments: Municipalities that administer property taxes and may see changes in revenue as a result of increased credits.

Procedural Aspects

  • The bill was introduced on February 04, 2025, and has been referred to the Ways and Means Committee for further consideration.
  • The timeline for further legislative action, including potential hearings, debates, and voting, will depend on the committee's schedule and priorities.

Related Bills

Bill A 4672 is related to prior-session bills that may have addressed similar issues:
- A 8688: A prior-session bill that may have proposed changes to property tax relief.
- A 3402: Another prior-session bill that could have included relevant provisions or reforms.

Conclusion

Bill A 4672 represents an effort to improve the real property tax relief credit, potentially providing significant benefits to homeowners and contributing to housing affordability. As it moves through the legislative process, further details will emerge regarding its specific provisions and impacts.

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

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