HR 4713 · 105th Congress · Taxation

Seniors Real Property Tax Relief Act of 1998

Introduced 1998-10-07· Sponsored by Rep. Franks, Bob [R-NJ-7]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1998-10-07)

Plain Language Summary

[AI summary unavailable — showing source text] Seniors Real Property Tax Relief Act of 1998 - Amends the Internal Revenue Code to: (1) allow a deduction for State and local real property taxes paid by certain taxpayers aged 65 or older who do not itemize their deductions; and (2) provide for the establishment of "senior citizen real property tax accounts" (trusts created exclusively for the purpose of paying the qualified property tax expenses of qualified beneficiaries).…

Summarized by Claude AI · Non-partisan · For informational purposes only