House Sponsors: GARRETT-FEIGENHOLTZ-FORBY-FOWLER-DAVIS,MONIQUE, COULSON, BLACK, FRANKS, CROTTY, MILLER, BOLAND, ACEVEDO AND MENDOZA. Senate Sponsors: LINK-HENDON Short description: RE TX DEFER-APPLY TO DISABLED Synopsis of Bill as introduced: Amends the Senior Citizens Real Estate Tax Deferral Act. Changes the short title to the Senior Citizens and Disabled Persons Real Estate Tax Deferral Act. Changes the name of the Senior Citizens Real Estate Deferred Tax Revolving Fund to the Senior Citizens and Disabled Persons Real Estate Deferred Tax Revolving Fund. Provides that disabled persons are eligible to receive real estate tax deferrals under the Act. Amends the State Finance Act and the Property Tax Code to change cross references. Effective January 1, 2002. FISCAL NOTE (Department of Revenue) Assuming the same participation rate for the disabled as cur- rently evidenced by the eligible senior citizens of less than 1% of the eligible population, the additional statewide proper- ty tax expenditures by the Department on behalf of the disabled persons can be expected to total an estimated $2.5 million. This represents a 60% increase over the Department's current expenditure of $3.7 million. The cost of this program is recov- ered with interest when the property is sold. However, there may be additional funds necessary to start payments on behalf of the new participants, and HB 296 deletes the provision of the law allowing for transfers from GRF as necessary to sup- plement the program. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status