Bill 35 Amends Low Income Tax Credit
- Published: June 13, 2016
Council Members Ann Kobayashi and Joey Manahan introduced Bill 35, which would amend the city’s real property tax credit program. The bill changes the 4 percent titleholder’s income provision to 3 percent, resulting in a real property tax credit for each recipient in the amount that exceeds 3 percent of their income. The income threshold would remain at $60,000; however, the bill also proposes a tax credit cap of $6,000.