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FL S0124
Bill
Status
Failed
5/5/2023
Primary Sponsor
Community Affairs
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AI Summary
- Increases the just value limit of real estate eligible for the additional homestead tax exemption for persons age 65 and older from $250,000 to $300,000
- Applies to homeowners who have maintained permanent residence on the property for at least 25 years, are age 65 or older, and meet household income limitations
- Allows county commissions or municipal governing authorities to adopt the exemption by ordinance, covering the full assessed value of qualifying properties
- Effective date is contingent on voter approval of a related constitutional amendment (SJR 126) at the next general election or an earlier authorized special election
- Sponsored by the Senate Committee on Community Affairs and Senator Avila for the 2023 Florida legislative session
Legislative Description
Homestead Exemptions for Persons Age 65 and Older
Last Action
Died in Finance and Tax
5/5/2023
Committee Referrals
Finance and Tax2/16/2023
Full Bill Text
No bill text available