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FL H0597
Bill
Status
Passed
7/6/2021
Primary Sponsor
Local Administration and Veterans Affairs
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AI Summary
- Taxpayers age 65 and older claiming the additional homestead exemption under s. 196.075, F.S., are required to submit a sworn statement of household income only once (for the first-time claim) rather than annually, with a filing deadline of March 1.
- Removes the prior provision that exempted renewal applicants from submitting supporting documentation unless requested by the property appraiser, replacing it with an ongoing obligation for taxpayers to notify the property appraiser by May 1 if household income exceeds the adjusted income limitation.
- Requires the property appraiser to annually notify each exemption-holding taxpayer of the current adjusted income limitation.
- Authorizes the property appraiser to conduct random audits of taxpayers' sworn income statements, requiring audited taxpayers to execute IRS Form 8821 or 4506 to release tax information, with all reviews completed by June 1.
- Effective date is July 1, 2021.
Legislative Description
Homestead Exemption for Seniors 65 and Older
Last Action
Chapter No. 2021-208
7/6/2021
Committee Referrals
Appropriations4/21/2021
State Affairs4/2/2021
Local Administration and Veterans Affairs Subcommittee3/24/2021
Ways and Means Committee2/18/2021
Full Bill Text
No bill text available