Emergency Property Tax Relief Act

Summary

Emergency Property Tax Relief Act - Provides that where the Secretary of the Treasury has determined that a jurisdiction has established a real property tax relief program which affords low and moderate income households a credit or other payment against the real property tax imposed by such jurisdiction, he shall reimburse said jurisdiction for one-half of the qualifying revenue losses attributable to such program. Requires a jurisdiction desiring to qualify for payments under this Act to make an application at such time and in such manner as the Secretary shall prescribe by regulations. Provides that whenever the Secretary, after reasonable notice and opportunity for a hearing to a jurisdiction which has had an application approved, finds that such jurisdiction no longer has a qualifying property tax relief program, he shall notify such jurisdiction that it will not be eligible to receive payments until he is satisfied that the jurisdiction has a qualifying property tax relief program. Permits a jurisdiction dissatisfied with the Secretary's decision to petition for review of that action within sixty days after notice of such action in the United States court of appeals for the circuit in which the jurisdiction is located.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 14 February 1974

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 14 February 1974

   Introduced

   Introduced in House

   Source: IntroReferral

3. 14 February 1974

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 14 February 1974

  Open at official source

Sponsors

• Rep. Owens, Wayne [D-UT-2] · D · Sponsor
• · hswm00 · Standing

Related records

• related to ← Emergency Property Tax Relief Act