This bill allows municipalities to adopt a per-child property tax credit. Under the bill, any municipality may adopt a per-child tax credit for each dependent minor child who resides with a property owner in the municipality. The percentage or dollar amount of the credit would be determined by the municipality and would be subtracted from the property tax on the resident's residential property. The bill also allows municipalities to extend the credit to residential properties rented to municipal residents who reside on the property with a dependent minor child or children. The bill includes provisions for the adoption, modification, or rescission of the tax credit and provides definitions and procedures for applying for the credit and appealing a refusal to grant the credit. The bill takes effect upon its passage.

Statutes affected:
Introduced: 72:29, 72:36