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 Act - Directs the Secretary of the Treasury to reimburse any jurisdiction which has established a program to grant tax credits against real property or personal income tax or rebates to any household whose head has attained age 65 and provides more than 50 percent of the support of the household.
Introduced in Senate
Referred to Senate Committee on Finance.
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