| At the request of: |
(at the request of House Interim Committee on Revenue) |
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Regular Sponsors:
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| Bill Title: |
Relating to tax deferral programs; and prescribing an effective date. |
| Catchline/Summary: |
Requires lender to notify potential borrower of prohibition against pledging tax-deferred homestead as security for reverse mortgage.
Requires lender to notify potential borrower of prohibition against pledging tax-deferred homestead as security for reverse mortgage.
Allows taxpayer to elect to credit payments to deferred taxes payable as result of determination of ineligibility.
Specifies classification of homesteads for purposes of determining county median RMV.
Requires Department of Revenue to certify eligibility for deferral not less than once every three years.
Requires department to report to interim committee regarding claim form for homestead property tax deferral program for property tax year beginning on July 1, 2012.
Requires department to develop data gathering instrument to gather certain data related to taxpayers participating in homestead property tax deferral program.
Delays, until property tax years beginning on or after July 1, 2013, prohibition on deferral of homestead property taxes for certain homesteads pledged as security for reverse mortgage.
Takes effect on 91st day following adjournment sine die.
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| Chapter Number: |
Chapter 13
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| Fiscal Impact: |
Has Minimal Fiscal Impact |
| Revenue Impact: |
Revenue Impact Issued |
| Measure Analysis: |
Staff Measure Summary / Impact Statements
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| Current Location: |
Chapter Number Assigned |
| Current Committee: |
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| Current Subcommittee: |
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| Subsequent Referral(s): |
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| Potential Conflicts of Interest/Vote Explanations: |
Potential Conflicts of Interest/Vote Explanation Documents
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