Tax Credit

Committee votes to raise senior property tax credit

Charles Megginson Government, Headlines

The committee responsible for drafting the state’s budget has voted to restore the senior property tax credit to its pre-2017 level. The credit was cut from $500 to $400 per year in 2017 in an effort to close a budget shortfall that year. Currently, the program allows homeowners ages 65 and over to claim a tax credit against regular school …