MACo’s Associate Director Kevin Kinnally testified in support of HB 766 (CF SB 700) – Property Tax Credit – Disabled Military Personnel and Surviving Spouses. The bill alters eligibility criteria of an existing local option property tax credit by adding active duty or retired members of the uniformed services of the United States, disabled veterans, or surviving spouses to the definition of individuals that are eligible recipients of the tax credit.
From MACo Testimony:
HB 766 authorizes counties to enact the property tax credit and to provide, by law, for the duration of the credit, the maximum assessed value of a dwelling that is eligible for the credit, and, if necessary, any additional eligibility criteria. This will allow each jurisdiction that chooses to enact the credit to tailor it to their specific community needs. Additionally, it gives each county broad discretion to determine how much revenue it is willing to forego to provide the desirable benefits enabled by the bill.
Follow MACo’s advocacy efforts during the 2020 legislative session on MACo’s Legislative Tracking Database.