HJ58:

Constitutional amendment; taxation and finance, longtime owner-occupant tax relief program.

Bill Summary:

Constitutional amendment (first reference);
taxation and finance; longtime owner-occupant tax relief program.
Directs the General Assembly to implement a tax relief program by
which longtime owner-occupants of real property are granted a total
or partial exemption from local real property taxation of real estate
the market value of which has increased as a consequence of the refurbishment
or renovation of other residences or the construction of new residences
in long-established residential areas or areas of deteriorated, vacant,
or abandoned homes and properties.