Vote Smart's Synopsis:

Vote to pass a bill that establishes a property tax credit for senior citizens.

Highlights:

• Establishes that “an individual sixty-five years of age or older in the year in which the tax was levied is entitled to receive a credit applied as a reduction equal to the taxable valuation of the individual's primary residence as provided in this section. A reduction under this section applies regardless of whether the individual is the head of a family” (Page 2).

• Requires reduction claimants to file with assessor “by August first of the year for which a reduction is claimed” (Page 3).

• Requires cancelation of fraudulent claims (Page 3).

• Requires county auditors to maintain lists of approved claimants (Page 4).

• Appropriates $330 million “to the state treasurer for the purpose of distribution to counties under the senior citizens property tax credit under section 3 of this Act, for the biennium beginning July 1, 2023, and ending June 30, 2025” (Page 5).

Full Bill Text