Legislation Details

Reference No. CB-095-2015    Draft No. 1
Type: Council Bill Status: Enacted
Meeting Body County Council
Meeting Date 11/17/2015
Introduced Date 10/20/2015 Public Hearing Date 11/17/2015 - 10:00 AM
Effective date: 1/11/2016    
Title: AN ACT CONCERNING RENTERS’ PROPERTY TAX RELIEF SUPPLEMENT for the purpose of requiring the Director of Finance to pay a Renters’ Property Tax Relief Supplement to certain residents who qualify for a certain payment under State law.
Proposers/Sponsors: Dannielle M. Glaros, Deni L. Taveras, Todd M. Turner, Mel Franklin, Derrick Leon Davis, Karen R. Toles, Mary A. Lehman, Obie Patterson
Code sections: 10-204.03 -
Attachments: 1. B2015095, 2. CB-95-2015 AIS.pdf, 3. CB-95-2015 Report, 4. CB-95-2015 Fiscal Impact
Contact: Colette R. Gresham, Legislative Officer

Title

AN ACT CONCERNING RENTERS’ PROPERTY TAX RELIEF SUPPLEMENT for the purpose of requiring the Director of Finance to pay a Renters’ Property Tax Relief Supplement to certain residents who qualify for a certain payment under State law.

Background

The proposed legislation would require the Director of Finance to pay a Renters’ Property Tax Relief Supplement to certain residents who qualify for a payment from the State pursuant to the State “Renters’ Tax Credit Program”.  The State payment to renters is modeled after the Homeowners’ Tax Credit (commonly referred to as the “Circuit Breaker”), and is based on the premise that a portion of rent paid by renters is attributable to property tax paid by the owner of the property.  The purpose of the State payment is to return some of that money to renters in the same way it is returned to homeowners through the Circuit Breaker payment.  Eligibility for the County supplement would be tied to eligibility for the State payment.  The County supplement would be 50% of the State payment, which is capped at $750.