A10575Introduced in the Assembly
Creates the middle class circuit breaker tax credit allowing a credit against personal income tax, equal to seventy percent of the amount by which the taxpayer's net real property tax or the taxpayer's real property tax equivalent exceeds the taxpayer's maximum real property tax; establishes a tax reform study commission.
Introduced by Alicia Hyndman, District 29
What does this bill do?
Plain-English breakdown
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Official description
Creates the middle class circuit breaker tax credit allowing a credit against personal income tax, equal to seventy percent of the amount by which the taxpayer's net real property tax or the taxpayer's real property tax equivalent exceeds the taxpayer's maximum real property tax; establishes a tax reform study commission.
Where it stands
referred to ways and means
March 13, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
What do people think?
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Bill history
referred to ways and means
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