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Bill

A 4979

Relates to the term "income" for purposes of the school tax relief exemption

2025 Regular Session Introduced by Joe Angelino and 12 co-sponsors

Bill A 4979 clarifies the definition of "income" for school tax relief, aiming to increase eligibility and financial assistance for qualifying taxpayers and families.

REFERRED TO REAL PROPERTY TAXATION
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Bill Summary · A 4979

Summary of Bill A 4979

Bill Information

  • Bill Number: A 4979
  • Title: Relates to the term "income" for purposes of the school tax relief exemption
  • Status: Referred to Real Property Taxation
  • Introduced: February 10, 2025
  • Classification: Bill

Purpose and Intent

Bill A 4979 aims to clarify and potentially redefine the term "income" as it pertains to the school tax relief exemption. The intent behind this legislation is to ensure that the criteria for qualifying for school tax relief are clear and equitable, thereby providing financial relief to eligible taxpayers.

Key Provisions

  • Definition of Income: The bill proposes to establish a specific definition of "income" that will be used to determine eligibility for the school tax relief exemption. This definition may include various forms of income, such as wages, salaries, and other earnings.
  • Eligibility Criteria: By refining the definition of income, the bill seeks to make the eligibility criteria for the school tax relief exemption more transparent and accessible to taxpayers.
  • Impact on Tax Relief: The changes proposed in this bill could affect the amount of tax relief available to qualifying individuals and families, potentially increasing the number of beneficiaries.

Who Would Be Affected

  • Taxpayers: Individuals and families who currently receive or are seeking school tax relief exemptions will be directly impacted by the changes in the definition of income.
  • Local Governments: Local government entities that administer school tax relief programs may need to adjust their processes and criteria in response to the new definition.

Procedural Aspects

  • Legislative Action: The bill was introduced on February 10, 2025, and has been referred to the Real Property Taxation committee for further consideration.
  • Related Bills: This bill is related to several prior-session bills (S 4595, S 7472, S 2568, A 9575, A 4087, A 9396, A 1257) and has a companion bill (S 3082) that may address similar issues.

Conclusion

Bill A 4979 represents an effort to clarify the term "income" in the context of school tax relief exemptions, potentially impacting many taxpayers seeking financial assistance. As the bill progresses through the legislative process, further details and implications will become clearer, particularly regarding how the new definition will be implemented and its effects on tax relief eligibility.

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

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