Summary: H.R.5290 — 107th Congress (2001-2002)All Information (Except Text)

There is one summary for H.R.5290. Bill summaries are authored by CRS.

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Introduced in House (07/26/2002)

Family Property Tax Relief Act of 2002 - Permits a phased-in tax credit for an individual in an amount equal to 50 percent of the property taxes paid by the individual. Sets forth a maximum credit amount of $5,000. Prohibits married couples filing separate returns and dependents from benefitting from the credit.