AGENDA ITEM #3A
May 5, 2015
Josh Hamlin, Legislative
Bill 21-15, Finance - Renters' Property Tax Relief Supplement
Bill 21-15, Finance - Renters' Property Tax Relief Supplement, sponsored by Lead
Sponsor Councilmember Eirich is scheduled to be introduced on May 5, 2015. A public hearing
is tentatively scheduled for June 9 at 1:30 p.m.
Bill 21-15 would require the Director of Finance to pay a Renters' Property Tax Relief
Supplement to certain residents who qualify for a payment from the State under the State "Renters'
Tax Credit Program" (see ©4-8). The State payment to renters is modeled after the Homeowners'
Tax Credit (commonly referred to as the "Circuit Breaker"), and is based on the premise that a
portion of rent paid by renters is attributable to property tax paid by the owner of the property.
The purpose of the State payment is to return some of that money to renters in the same way it is
returned to homeowners through the Circuit Breaker payment.
Bill 21-15 would create a supplemental payment similar in character to the County
supplement to the Circuit Breaker payment under Section 52-11A of the County Code. Eligibility
for the County supplement would be tied to eligibility for the State payment. The County
supplement under the Bill would be 50% of the State payment, which is capped at $750.
This packet contains:
Legislative Request Report
State Program Information
F:\LAW\BILLS\1521 Renters Tax Relief Supplement\Intro Memo.Docx