PROP TX-SENIOR FREEZE-CPI

Session: 103rd General Assembly
Year: 2023
Bill #: HB1074
Category: Revenue
Position: No position
Mandate?
Revenue Loss? Yes
Authority Preemption?

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Summary as Introduced

Amends the Property Tax Code. Provides that, for taxable year 2024, the maximum income limitation for the senior freeze shall be $73,700 for all qualified property (currently, $65,000). Provides that the maximum income limitation shall be adjusted each year according to the change in the Consumer Price Index for All Urban Consumers. Effective immediately.



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