Bills · 2009-2010 Regular Session
creating a refundable individual income tax credit for property taxes paid on a principal dwelling that is destroyed by a natural or man-made disaster and making an appropriation.
- Introduced, stopped here
- Passes Assembly, not reached
- Passes Senate, not reached
- Governor signs, not reached
- Law, not reached
Unfamiliar terms? Glossary
What this bill does
Plain-language analysis by the nonpartisan Legislative Reference Bureau
This bill creates a refundable individual income tax credit that is equal to the
amount of property taxes that an individual paid in the taxable year to which the
claim relates on the claimant's principal dwelling that was destroyed by fire, flood,
or other natural or man-made disaster.
No individual may claim the tax credit if the individual's principal dwelling is
destroyed by the claimant's negligent or intentional act. In addition, no claim may
be made for an amount that is, or will be, reimbursed under an insurance policy.
Because the credit is refundable, if the amount of the credit exceeds the
individual's tax liability, the state will issue a check to the individual for the excess
amount.
What it would cost
Fiscal estimates filed by state agencies, as official PDFs
Sponsors
Full history
- Mar 11, 2010 · Assembly
Introduced by Representatives Davis, Kerkman, Nerison, Bies, Brooks, Gunderson, Knodl, Lothian, Spanbauer, Townsend and Vos;Cosponsored by Senators Schultz and Olsen
- Mar 11, 2010 · Assembly
Read first time and referred to joint committee on Finance
- Mar 25, 2010 · Assembly
Fiscal estimate received
- Apr 28, 2010 · Assembly
Failed to pass pursuant to Senate Joint Resolution 1