SB 175

Generally, under current law, an individual who lives for an entire year in

housing that is exempt from property taxes is not eligible to claim the homestead tax

credit. If such a claimant lives in tax-exempt housing for only part of a year, the

claimant may claim the credit for the part of the year in which he or she lived in

housing that was subject to property taxes.

Under this bill, a claimant must reduce by one-twelfth the homestead tax

credit for which he or she is otherwise eligible for each month, during the year to

which the claim relates, the claimant or the claimant's spouse receives a housing

subsidy under Section 8 of the federal government's general program of assisted

housing.

Generally, under current law, an individual may file an amended income tax

return within four years of the return's original unextended due date to claim a

refund that was not claimed when the return was originally filed. Under this bill,

a claimant may not file an amended return to claim the homestead tax credit.