Allows gross income tax deduction for amounts paid for removal of lead, asbestos, sodium, chloride, and other contaminants from taxpayer's property.
Permits taxpayers to deduct the total amount of State property taxes paid on principal residence from gross income tax obligation.
Permits taxpayers to deduct total amount of State property taxes paid on principal residence from gross income tax obligation.
Reduces the assessment percentage for residential real property
Increases, from 18 percent to 30 percent, amount of rental payments defined as rent constituting property taxes for purposes of deduction from gross income for property tax payments.
Modifies provisions relating to taxation
Increases amount of rental payments defined as rent constituting property taxes for purposes of deduction from gross income for property tax payments; increases property tax credit option for certain individuals.