AN ACT INCREASING THE AMOUNT OF AND EXPANDING ELIGIBILITY FOR THE CIRCUIT BREAKER PROPERTY TAX CREDIT.

SB 1182 increases the Circuit Breaker Property Tax Credit, providing greater tax relief for property owners. It raises the maximum credit to $2,500 for married couples and $2,000 for single individuals. The bill also expands eligibility to include all property tax payers aged 60 or older, who were previously ineligible under the existing rules. These changes directly affect qualifying homeowners by reducing their local property tax burden.