Increased Property Tax Assistance for Seniors- SB122 PDF Print E-mail
Revises the maximum amount of property tax assistance for certain senior citizens
SB 122
Sponsored by: Sen. Woodhouse, Sen. Schneider, Sen. Parks, Sen. care, Sen. Copening, Sen. Breeden, Sen. Lee
BILL STATUS: April 8, 2009- Referred to Committee on Finance, EXEMPTION EFFECTIVE

Existing law authorizes a senior citizen who is at least 62 years of age and whose household income does not exceed a certain amount to receive a refund of all or a portion of the property tax accrued against his home. If the senior citizen owns his home, the amount of the refund must not exceed the amount of the accrued property tax or $500, whichever is less.   This bill increases the maximum refund for such a senior citizen to the amount of the accrued property tax or $1,000, whichever is less.

To learn more about SB 122, or to track the legislation's progress, click here If the senior citizen rents his home, the amount of the refund must not exceed an amount equal to that portion of the rent which is deemed to constitute the accrued property tax on the rental property. Currently, 8.5 percent of the total annual rent paid by such a senior citizen is deemed to constitute accrued property tax. This bill revises the amount of rent that is deemed to constitute accrued property tax to an amount equal to 8.5 percent of the total annual rent paid for the year or $1,000, whichever is less.

To learn more about SB122, or to track the legislation's progress, click here

 
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Revises provisions related to energy
SB 358
Sponsored by: Senator Horsford
BILL STATUS: Approved by the Governor, Chapter 321. Sections 1 to 1.51, inclusive, 1.55 to 19.7, inclusive, 19.9 to 20.9, inclusive, and 21 effective May 28, 2009. Sections 1.51, 1.85, 1.87, 1.92, 1.93, 1.95, 4.3 to 9, inclusive, and 19.4 expire by limitation June 30, 2011. Sections 1.53 and 19.8 effective July 1, 2011.

Senate Bill 358 would revise provisions relating to energy and state and residential property. This bill would require a portion of the federal stimulus money to be used for the state energy reduction plan for state buildings. This bill will also require the Director of the Office of Energy to adopt regulations establishing a list of renewable energy installations and energy efficiency improvements that are suitable for residential property.

To learn more about Senate Bill 358, or to track the legislation's progress, click here
 
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