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Senate adopts amendment to restore $500 primary-residence tax credit for homes held in trust
Summary
Senate Bill 2201 was amended on the floor to extend an existing $500 property tax credit to primary residences held in trust; the amendment was adopted and the bill was re-referred to the Appropriations Committee.
Senators adopted a floor amendment to Senate Bill 2201 to correct an oversight that had excluded primary residences held in trust from a $500 property tax credit. The amendment, adopted by voice vote, restores eligibility for homeowners whose primary residence is title-held in trust and includes retroactive and emergency clauses aimed at making the credit available for both 2024 and 2025 property taxes.
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