A bill to encourage State and local governments to reform their real property tax systems so as to decrease the real property tax burden of low and moderate income individuals who have attained age 65.
Property Tax Relief for the Elderly Act - Provides that if the Secretary of the Treasury determines that a jurisdiction has established a qualifying real property tax relief program for low-and moderate-income individuals who have attained age 65, he shall reimburse such jurisdiction for one-half of the revenue losses attributable to such program. Authorizes to be appropriated such sums as may be necessary to carry out the purposes of this Act.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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