The Erosion of the Homestead Tax Credit

by Kids Forward | May 12, 2011

Home 9 Family Economic Security 9 The Erosion of the Homestead Tax Credit ( Page 5 )

This two-page brief analyzes the effects of not adjusting the credit for inflation between 1990 until 2010. For many years, the Homestead Credit was the only significant part of the state tax code that wasn’t annually indexed for inflation. That was remedied by the last biennial budget bill, but Governor Walker’s proposed budget would repeal indexing

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