08/22/2024

House Bill 645

Lead Sponsors: Representative Dani Isaacsohn and Representative Thomas Hall

Status: Introduced (July 29, 2024)

Description: The bill creates a tax credit, referred to as a "circuit breaker," for eligible homeowners and renters whose property taxes or portion of rent attributable to property taxes exceeds 5% of their income. Those who claim the circuit breaker may do so as a refundable tax credit or a direct rebate.

Eligibility is limited to those whose household income is less than $60,000, with that figure adjusted for inflation in subsequent years.

CCAO Position: Proponent

Notes: Senate Bill 271 has similar provisions.