Scholarships, dependent flexible spending accounts, and health flexible spending accounts excluded from income definition used by the homestead credit refund program.

Summary

The measure amends the state definition of income for the homestead credit refund program so that scholarship or fellowship grants, dependent‑care flexible spending account contributions, and health flexible spending account contributions are no longer counted as income. By lowering the reported income, eligible homeowners could receive a larger refund. The bill is introduced and has been referred to the Taxes Committee.

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