IN SB0046 | 2023 | Regular Session
Status
Completed Legislative Action
Spectrum: Slight Partisan Bill (Republican 5-3)
Status: Passed on May 1 2023 - 100% progression
Action: 2023-05-01 - Public Law 95
Text: Latest bill text (Enrolled) [PDF]
Spectrum: Slight Partisan Bill (Republican 5-3)
Status: Passed on May 1 2023 - 100% progression
Action: 2023-05-01 - Public Law 95
Text: Latest bill text (Enrolled) [PDF]
Summary
County option circuit breaker tax credit. Authorizes a county fiscal body to adopt an ordinance to provide a credit against property tax liability for qualified individuals. Defines a "qualified individual" for purposes of the credit. Provides that the ordinance may designate: (1) all of the territory of the county; or (2) one or more specific geographic territories within the county; as a neighborhood enhancement district in which qualified individuals may apply for the credit. Provides that the amount of the credit in a particular year is equal to the amount by which an individual's property tax liability increases by more than the percentage of increase specified by the county fiscal body from the prior year. Provides that the credit does not affect the allocation of taxes to a referendum fund. Requires a qualified individual who desires to claim the credit to file a certified statement with the county auditor. Provides that the county auditor shall apply the credit in succeeding years after the certified statement is filed unless the auditor determines that the individual is no longer eligible for the credit or the county fiscal body rescinds the ordinance. Provides a penalty for wrongly receiving the credit that is the same as the penalty for wrongly receiving the homestead standard deduction. Provides that an individual may not receive both a county option circuit breaker tax credit and an over 65 property tax credit in the same year. Provides that an ordinance must specify that the credit does not apply for property taxes first due and payable after December 31, 2027. Sunsets the county option on January 1, 2028.
Title
County option circuit breaker tax credit.
Sponsors
Sen. Jack Sandlin [R] | Sen. Travis Holdman [R] | Sen. Brian Buchanan [R] | Sen. Lonnie Randolph [D] |
Rep. Julie McGuire [R] | Rep. Philip GiaQuinta [D] | Rep. Robert Behning [R] | Rep. Cherrish Pryor [D] |
Roll Calls
2023-04-10 - Senate - Senate - Senate concurred in House amendments (Y: 48 N: 0 NV: 1 Abs: 1) [PASS]
2023-04-04 - House - House - Third reading (Y: 96 N: 1 NV: 1 Abs: 2) [PASS]
2023-02-06 - Senate - Senate - Third reading (Y: 49 N: 0 NV: 0 Abs: 1) [PASS]
2023-04-04 - House - House - Third reading (Y: 96 N: 1 NV: 1 Abs: 2) [PASS]
2023-02-06 - Senate - Senate - Third reading (Y: 49 N: 0 NV: 0 Abs: 1) [PASS]
History
Date | Chamber | Action |
---|---|---|
2023-05-01 | Senate | Public Law 95 |
2023-05-01 | Senate | Signed by the Governor |
2023-04-26 | Senate | Signed by the President of the Senate |
2023-04-21 | House | Signed by the Speaker |
2023-04-13 | Senate | Signed by the President Pro Tempore |
2023-04-10 | Senate | Senate concurred in House amendments; Roll Call 347: yeas 48, nays 0 |
2023-04-05 | Senate | Motion to concur filed |
2023-04-05 | House | Returned to the Senate with amendments |
2023-04-04 | House | Third reading: passed; Roll Call 348: yeas 96, nays 1 |
2023-04-03 | House | Second reading: ordered engrossed |
2023-03-30 | House | Committee report: amend do pass, adopted |
2023-02-28 | House | First reading: referred to Committee on Ways and Means |
2023-02-23 | House | Representative Pryor added as cosponsor |
2023-02-23 | House | Representative Behning added as cosponsor |
2023-02-07 | Senate | Referred to the House |
2023-02-06 | Senate | Cosponsor: Representative GiaQuinta |
2023-02-06 | Senate | House sponsor: Representative McGuire |
2023-02-06 | Senate | Third reading: passed; Roll Call 64: yeas 49, nays 0 |
2023-02-02 | Senate | Second reading: ordered engrossed |
2023-01-31 | Senate | Senator Randolph added as coauthor |
2023-01-31 | Senate | Committee report: amend do pass, adopted |
2023-01-17 | Senate | Senator Buchanan added as third author |
2023-01-17 | Senate | Senator Holdman added as second author |
2023-01-09 | Senate | First reading: referred to Committee on Tax and Fiscal Policy |
2023-01-09 | Senate | Authored by Senator Sandlin |