Eligibility for senior property tax deduction.

Increases the adjusted gross income threshold for an individual at least 65 years of age to obtain a deduction from the assessed value of the individual's real property from $30,000 to $44,000. Increases the threshold for an individual at least 65 years of age filing a joint return from $40,000 to $88,000. Increases the combined adjusted gross income threshold for an individual at least 65 years of age and all other individuals with whom the individual shares ownership as joint tenants or tenants in common from $40,000 to $88,000.