SENATE BILL REPORT

SB 5084

BYSenators Owen, Talmadge, Conner, Rasmussen, Bender, Wojahn, Fleming, Williams, Bauer, Gaspard, Garrett, Stratton, Moore, Tanner, Halsan, Hansen, Smitherman, DeJarnatt, McDermott, Rinehart, Kreidler, Warnke, Vognild, Peterson, Johnson, Hayner, von Reichbauer, Lee, Zimmerman, West and Nelson

Raising limits for senior citizen property tax exemptions.

Senate Committee on Ways & Means

Majority Report:  Do pass.

      Signed by Senators McDermott, Chairman; Gaspard, Vice Chairman; Cantu, Hayner, Kreidler, Lee, Moore, Owen, Rasmussen, Talmadge, Williams, Wojahn, Zimmerman.

Senate Hearing Date(s):February 3, 1987; February 9, 1987

Senate Staff:Stephen Rose (786-7443)

                  February 20, 1987

AS PASSED SENATE, FEBRUARY 19, 1987

BACKGROUND:

Article 7, section 10 of the State Constitution (Amendment 17, 1966) permits the Legislature to pass laws granting retired property owners relief from the property tax on the real property occupied as a residence by those owners. 

SUMMARY:

The income cut offs for exemptions from excess property taxes and for partial exemptions from regular property taxes are raised to adjust for inflation.

Fiscal Note:      requested

Effective Date:Applies to taxes first due in 1989 and thereafter.

Senate Committee - Testified: No one