FL S1740

Proposes constitutional amendment to Article VII, Section 6 authorizing counties and municipalities to grant additional homestead tax exemptions to qualifying seniors.

Creates two exemption options: $50,000 exemption for age 65+ homeowners with household income not exceeding $20,000, or exemption up to assessed property value for age 65+ homeowners with 20+ years residency and household income not exceeding $15,000.

Requires exemptions be granted by local ordinance and mandates periodic adjustment of income limits for cost of living changes.

Exemptions apply only to respective county or municipality tax levies and are subject to conditions in general law.

Amendment requires voter approval at next general election or earlier special election authorized by law.