MACo Supports Property Tax Relief While Safeguarding Local Supplemental Credits
On March 3, Legislative Director Kevin Kinnally testified before the Ways and Means Committee in support of HB 1427 - Property Tax Credits - Renters' Tax Credit, Homeowners' Tax Credit, and Homestead Tax Credit - Altering Eligibility and Amount with amendments. This bill increases eligibility thresholds and benefit amounts under the Renters’ Tax Credit and the State Homeowners’ Property Tax Credit. It establishes a new income-based limitation for the Homestead Tax Credit. By increasing eligibility…