Wednesday, March 18, 2009

State Officials Yank Tax Benefit Derived From Bogus Homestead Claim By Bronx Congressman On Maryland House

The New York Post reports:

  • Maryland officials have yanked a tax credit from Bronx Rep. Eliot Engel, who has avoided thousands in taxes on his nearly $1 million home there by improperly claiming it as his primary residence. The officials told Engel he doesn't qualify for the homestead exemption, a tax credit only state residents can apply for, because he and his wife Patricia's primary residence is in The Bronx.

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  • State officials say Engel won't be required to pay back any savings accumulated over past years because the family's homestead exemption was approved - even if erroneously.

For more, see BX. POL GOT A SLICK 'RANGEL' TAX BREAK.