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Property Tax Circuit Breaker. A Property Tax Circuit Breaker is a tax refund in the United States given to low income individuals and families whose property tax liability is a large percentage of their yearly income. The term was coined by John Shannon of the Advisory Commission on Intergovernmental Relations in the 1960s.
The think tank Institute on Taxation and Economic Policy (ITEP) considers property tax caps like Proposition 13 poorly targeted and instead advocates "circuit breaker" caps or homestead exemptions to levy property taxes based on ability to pay; yet in 2018, ITEP ranked California's tax code as the most progressive in the United States, in part ...
While the state determines the program's guidelines, it also grants some room for localities to make adjustments. To illustrate, the program sets the highest gross income threshold at $20,000, but local administrations have the option to increase it to $60,000, which is the Circuit Breaker limit for a single non-head of household.
Stab-Lok is a brand name of electrical circuit breakers that were manufactured primarily by Federal Pacific Electric between 1950-1980. [1] [2] In June 1980, Reliance Electric, which had purchased FPE, reported to the United States Consumer Product Safety Commission that "many FPE circuit breakers did not fully comply with Underwriters ...
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Federal Pacific is best-known for a line of circuit breaker equipment called Stab-Lok. These circuit breakers and electrical panels were used extensively in residential and commercial construction starting in circa 1951. The product design was flawed and had a high failure rate, which was initially discovered by Reliance Electric engineers when ...
The current (as of 2013) devices are referred to as "combination type." An arc-fault circuit interrupter ( AFCI) or arc-fault detection device ( AFDD) [1] is a circuit breaker that breaks the circuit when it detects the electric arcs that are a signature of loose connections in home wiring. Loose connections, which can develop over time, can ...
The California Department of Real Estate ( DRE) is a California state agency focused on safeguarding and promoting the public interest in real estate matters through licensure, regulation, education, and enforcement. Employees headquartered in Sacramento and in district offices in Oakland, Fresno, Los Angeles, and San Diego carry out the DRE's ...
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