H.R.4713: Seniors Real Property Tax Relief Act of 1998

About This Bill

Bill Sponsor

Bill Summary

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).

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
Oct. 7, 1998

Introduced in the House by Bob Franks (R-N.J.)

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