Modifies provisions relating to the local senior citizen homestead property tax credit

Summary

The proposal defines a senior‑citizen property‑tax credit based on the difference between a homeowner’s current tax bill and the amount paid in their first year of eligibility. Counties could adopt the credit by ordinance or voter referendum, and the state would reimburse any local revenue loss. It targets residents 62 years or older with limited income or who receive certain public assistance.

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