Bill No.: HB0151                  Drafter:  MQ

LSO No.:  08LSO-0221              Effective Date:  7/1/2008

Enrolled Act No.:  <enrnum>

Chapter No.:       <chptnum>

Prime Sponsor:     Representative Childers

Catch Title:       Property tax relief program amendments.

Subject:  Provides amendments to the tax refund to the elderly and disabled program.

Summary/Major Elements:

· Under current law, the tax refund to the elderly and disabled program provides relief to eligible applicants meeting certain requirements.  The program is a refund of the "general tax burden" (not just property tax and does not require that the applicant be a home-owner to qualify).

· This bill increases the maximum amount of income an applicant may earn to qualify for the refund and the total household assets (with several exceptions) an applicant may have and still qualify.

· Appropriates money to reimburse the counties for the cost of the program.

Comments:

· Final action on this bill was not taken at the time this summary was prepared.  Should changes be made to the bill upon final passage, an updated summary will be transmitted to all legislators.