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2006 Regular Session bill information current as of June 6, 2006 - 7:39 p.m.
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HOUSE BILL 313

File Code: Taxes - Property
Crossfiled with: SENATE BILL 215

Sponsored By:
The Speaker (By Request - Administration) and Delegates Aumann, Bartlett, Bates, Benson, Bohanan, Boschert, Boteler, Cluster, Cryor, DeBoy, Donoghue, Dwyer, Eckardt, Edwards, Elliott, Elmore, Frank, Gilleland, Glassman, Haddaway, Hogan, Impallaria, Jameson, Jennings, Kach, Kelly, Kohl, Krebs, Kullen, Levy, Mayer, McComas, McConkey, McDonough, McKee, McMillan, Miller, Myers, O'Donnell, Parrott, Shank, Shewell, Smigiel, Sossi, Stocksdale, Stull, Taylor, Weir, and Weldon

Entitled:
Homeowners' Property Tax Credit - Calculation

Synopsis:

Excluding from the definition of "assets" for purposes of the homeowners' property tax credit the cash value of any qualified retirement savings plans or individual retirement accounts; including withdrawals from these accounts in "gross income" for purposes of the credit; increasing the maximum assessment against which the credit may be calculated from $150,000 to $300,000; altering the calculation of the credit; etc.

History by Legislative Date

House Action
1/25
First Reading Ways and Means
1/31
Hearing 2/8 at 11:00 a.m.
Senate Action
No Action

Sponsored by:

Speaker of the House of Delegates
Administration
Delegate Susan L. M. Aumann, District 42
Delegate Joseph R. Bartlett, District 4A
Delegate Gail H. Bates, District 9A
Delegate Joanne C. Benson, District 24
Delegate John L. Bohanan, Jr., District 29B
Delegate David G. Boschert, District 33A
Delegate Joseph C. Boteler, III, District 8
Delegate John W. E. Cluster, Jr., District 8
Delegate Jean B. Cryor, District 15
Delegate Steven J. DeBoy, Sr., District 12A
Delegate John P. Donoghue, District 2C
Delegate Donald H. Dwyer, Jr., District 31
Delegate Adelaide C. Eckardt, District 37B
Delegate George C. Edwards, District 1A
Delegate Donald B. Elliott, District 4B
Delegate D. Page Elmore, District 38A
Delegate William J. Frank, District 42
Delegate Terry R. Gilleland, Jr., District 32
Delegate Barry Glassman, District 35A
Delegate Jeannie Haddaway, District 37B
Delegate Patrick N. Hogan, District 3A
Delegate Rick Impallaria, District 7
Delegate Sally Jameson, District 28
Delegate J. B. Jennings, District 7
Delegate Wade Kach, District 5B
Delegate Kevin Kelly, District 1B
Delegate Sheryl Davis Kohl, District 34A
Delegate Susan W. Krebs, District 9B
Delegate Sue Kullen, District 27B
Delegate Murray D. Levy, District 28
Delegate Wm. Daniel Mayer, District 28
Delegate Susan K. McComas, District 35B
Delegate Tony McConkey, District 33A
Delegate Pat McDonough, District 7
Delegate Robert A. McKee, District 2A
Delegate Herb McMillan, District 30
Delegate Warren E. Miller, District 9A
Delegate LeRoy E. Myers, Jr., District 1C
Delegate Anthony J. O'Donnell, District 29C
Delegate Joanne S. Parrott, District 35A
Delegate Christopher B. Shank, District 2B
Delegate Tanya T. Shewell, District 5A
Delegate Michael D. Smigiel, Sr., District 36
Delegate Richard A. Sossi, District 36
Delegate Nancy R. Stocksdale, District 5A
Delegate Paul S. Stull, District 4A
Delegate Herman L. Taylor, Jr., District 14
Delegate Michael H. Weir, Jr., District 6
Delegate Richard B. Weldon, Jr., District 3B

Bill indexed under the following Subjects:

ASSESSMENTS
PROPERTY TAX
RETIREMENT SYSTEMS -see also- MANDATORY RETIREMENT
TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statute:

Tax - Property
( 9-104 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered

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