Lead Sponsors: Representative Adam Mathews and Representative Sean Brennan
Status: Introduced (March 3, 2025)
Description: The bill creates an alternative property tax credit to the homestead exemptions for those homeowners who are generally eligible for the homestead exemption and have owned and occupied the homestead for at least 20 years or such an individual’s surviving spouse. The credit is calculated as the homestead exemption, except it uses $56,000 as the base amount rather than $25,000.
CCAO Position: No position (as of April 2025)