property rights Archives - Almena Township GOP https://almenatownshipgop.com/tag/property-rights/ Almena Township GOP Voter Info Thu, 31 Aug 2023 22:07:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://i0.wp.com/almenatownshipgop.com/wp-content/uploads/2023/01/gop-logo1.jpg?fit=32%2C22&ssl=1 property rights Archives - Almena Township GOP https://almenatownshipgop.com/tag/property-rights/ 32 32 214594764 SB 55 – Extension of property tax poverty exemption. https://almenatownshipgop.com/2023/02/07/sb-55-extension-of-property-tax-poverty-exemption/ Tue, 07 Feb 2023 13:29:34 +0000 https://almenatownshipgop.com/?p=218 Bill would have amended the General Property Tax Act to extend a provision allowing an automatic poverty exemption under certain conditions. Nesbitt voted yes.

The post SB 55 – Extension of property tax poverty exemption. appeared first on Almena Township GOP.

]]> The bill would have amended the General Property Tax Act to extend a provision allowing an automatic poverty exemption under certain conditions for the 2022 tax year through the 2023 tax year for properties that were exempt in the 2019, 2020, or 2021 tax year. The governing body of a local assessing unit would have until December 1, 2023, to adopt a resolution to continue the exemption for those properties and would have to report each exemption granted by the
board of review for the immediately preceding tax year to the Department of Treasury. Additionally, the bill would allow a board of review to grant a partial poverty exemption equal to a 75% reduction in taxable value for the tax year in which the exemption was granted.

People should not have their property seized due to poverty. This bill would have extended the exemption process.

Sen. Nesbitt voted yes.

Bill Details

The post SB 55 – Extension of property tax poverty exemption. appeared first on Almena Township GOP.

]]> 218