Bill Title: Amends the Senior Citizens Real Estate Tax Deferral Act. Provides that the income limitation under the Act is $65,000 for tax years 2022 through 2025 and $55,000 for tax year 2026 and thereafter (currently, $55,000). Provides that, for tax years 2022 through 2025, the total amount of any such deferral shall not exceed $7,500 per taxpayer in each tax year (currently, $5,000). Provides that, beginning again in tax year 2026, the total amount of any such deferral shall not exceed $5,000. Effective immediately.

Spectrum: Moderate Partisan Bill (Democrat 21-4)

Status: (Passed) 2021-08-27 - Public Act . . . . . . . . . 102-0644 [SB2244 Detail]

Text: Latest bill text (Chaptered) [HTML]

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