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FL H0277
Bill
Status
Passed
3/28/2016
Primary Sponsor
Finance and Tax Committee
Click for details
AI Summary
- Allows counties and municipalities to provide an additional homestead tax exemption of up to $50,000 for persons age 65 or older with household income not exceeding $20,000
- Establishes a new exemption allowing the full assessed value exemption for properties with just value less than $250,000 owned by seniors age 65+ who have maintained their permanent residence for at least 25 years and meet the same $20,000 income requirement
- Fixes just value determination to the first tax year an owner applies and qualifies for the exemption, allowing reapplication in subsequent years regardless of current property value
- Permits eligible seniors who received the exemption before this act's effective date to apply for refunds of overpaid taxes in prior years when the exemption was denied solely due to property value exceeding $250,000
- Takes effect upon approval of CS/HJR 275 or similar joint resolution by voters in the November 2016 general election and applies retroactively to the 2013 tax roll
Legislative Description
County and Municipality Homestead Tax Exemption
Last Action
Chapter No. 2016-121, companion bill(s) passed, see CS/HJR 275 (Passed)
3/28/2016
Committee Referrals
Community Affairs2/17/2016
Local and Federal Affairs12/2/2015
Local Government Affairs Subcommittee11/17/2015
Finance And Tax10/7/2015
Full Bill Text
No bill text available