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United States · Bill · S

S. 484 (94th)

Residential Property Tax Relief Act

referredUnited States· United States Congress· EN

Introduced

29 January 1975

Last action

Status

Referred to Senate Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

2 September 2025

Summary

Residential Property Tax Relief Act - Allows homeowners a Federal tax credit under the Internal Revenue Code for up to $150 of property taxes paid for the support of public schools. Provides that a person over age 62 who has paid more than 5 percent of his total income in property taxes shall not be limited to the amount of income tax payable for the taxable year in determining the amount of such credit.

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Documents

1 official file

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Sources

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