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Committee forwards draft of revised elderly property tax-credit bill after technical discussions; sponsor and finance to refine language
Summary
The committee advanced CB 9 (2025) as draft 1 after technical negotiations; the bill would recast the elderly property-tax credit (including a possible 25-year residency threshold or a means-tested alternative) and staff will refine fiscal and implementation language.
Prince George's County’s Government Operations and Fiscal Policy Committee on Feb. 27 voted to move CB 9 (2025) forward as draft 1, while committee members and administration staff agreed to further technical work on language and implementation details before introduction to the full council.
What the bill would change CB 9 would revise the County’s elderly property-tax credit program by making its applicability separate from the state homestead/homeowners property-tax credits, raising the residency threshold for a principal-dwelling residency requirement from 10 years to 25 years for new applicants, and setting a maximum assessed-value threshold (the draft references $500,000 and indexing it on July 1 of each year by the lesser of CPI or 3%). The sponsor and…
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