Homeowners' Property Tax Credit - Eligibility and Calculation - Alterations

Summary

The bill changes how the state’s homeowners’ property tax credit is calculated and lifts the combined gross income eligibility ceiling from $60,000 to $100,000. It also updates the income‑percentage brackets used to determine the credit while keeping the net‑worth cap at $200,000. The new rules take effect for taxable years beginning after June 30 2026.

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