A 'circuit breaker' credit would be the first step to change
By MAURY THOMPSON, The Post-Star
Monday, May 18, 2009
The long-discussed concept of a "circuit breaker" property tax credit appears headed for approval by the state Legislature this year, area legislators and property tax reform advocates said.
The new credit, an income tax deduction based on a portion of local property taxes homeowners pay, is considered to be just a first step in the overall goal of reforming the property tax system.
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