Property Tax Amendments

Replaces homeowner property tax credit program, also known as the Circuit Breaker program with a property tax deferral program. By eliminating the homeowner’s credit altogether by 2030, the bill disproportionately affects low- and moderate-income homeowners who rely on this credit to maintain financial stability. Instead of providing direct relief, the proposed changes will increase the financial strain on those least able to bear it by adding tax liens and accruing interest, reducing their limited remaining assets.