IN SB0006 | 2025 | Regular Session
Status
Spectrum: Moderate Partisan Bill (Republican 5-1)
Status: Introduced on January 14 2025 - 25% progression
Action: 2025-02-04 - Senator Randolph added as coauthor
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 14 2025 - 25% progression
Action: 2025-02-04 - Senator Randolph added as coauthor
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Property tax deferral program. Authorizes a county fiscal body to adopt an ordinance to establish a property tax payment deferral program (program). Provides that a qualified individual participating in the program may defer the payment of part of the property taxes that would otherwise be due on a homestead. Defines "qualified individual". Provides that property taxes deferred under the program are due after the occurrence of a deferral termination event. Provides that the maximum amount of taxes that may be deferred cumulatively year over year may not exceed $10,000.
Title
Property tax deferral program.
Sponsors
Sen. Linda Rogers [R] | Sen. Travis Holdman [R] | Sen. Brian Buchanan [R] | Sen. Mike Gaskill [R] |
Sen. Kyle Walker [R] | Sen. Lonnie Randolph [D] |
History
Date | Chamber | Action |
---|---|---|
2025-02-04 | Senate | Senator Randolph added as coauthor |
2025-01-21 | Senate | Senator Walker K added as coauthor |
2025-01-14 | Senate | First reading: referred to Committee on Tax and Fiscal Policy |
2025-01-14 | Senate | Authored by Senators Rogers, Holdman, Buchanan |
2025-01-14 | Senate | Coauthored by Senator Gaskill |