Bill Text | History of Actions | Background | Title |
Description: Ad valorem tax; exempt certain increases in the assessed value of homesteads owned by persons 65 years of age or older.
Bill Text: [Introduced]
| 1 | 02/02 (S) Referred To Finance | |
| 2 | 02/22 (S) Died In Committee |
| Effective date | July 1, 2006 | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
Senate Committee:
Principal Author: Cuevas
Title: AN ACT TO AUTHORIZE AN AD VALOREM TAX EXEMPTION FOR HOMEOWNERS 65 YEARS OF AGE OR OLDER FOR INCREASES IN THE ASSESSED VALUE ON THEIR HOME SUBSEQUENT TO THE DATE THAT THEY QUALIFY FOR THE EXEMPTION; TO PROVIDE THAT THIS EXEMPTION SHALL NOT APPLY TO HOMEOWNERS WITH AN ADJUSTED GROSS INCOME ON THEIR FEDERAL TAX RETURN IN EXCESS OF $70,000.00; TO REQUIRE THAT THE EXEMPTION BE APPLIED FOR ANNUALLY; AND FOR RELATED PURPOSES.
End Of Document
2006/html/History/SB/SB2998.htm