An Act To Implement Certain Preliminary Recommendations Of The Real Estate Property Tax Relief Task Force And To Make Other Changes To Tax Law

Summary

The law raises the maximum credit for residents under 65 from $1,000 to $1,500 beginning in 2026 and increases senior credits to $2,000 after 2024. It also sets limits on how often the Real Estate Property Tax Relief Task Force can meet and requires the state revenue bureau to survey assessors about the Tree Growth Tax. These changes aim to provide greater tax relief and gather data to improve forest‑related tax policy.

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