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FL S0616

Bill

Status

Failed

3/8/2024

Primary Sponsor

Finance and Tax

Click for details

Origin

Senate

2024 Regular Session

AI Summary

  • Exempts from ad valorem (property) taxation the homestead of a surviving spouse of a quadriplegic who previously received a total tax exemption, provided the spouse holds title to the homestead and permanently resides there
  • Surviving spouse loses the carried-over exemption upon remarriage or sale/disposal of the property
  • If the surviving spouse sells the original homestead, the exemption may be transferred to a new primary residence, capped at the dollar amount from the most recent ad valorem tax roll, as long as the spouse does not remarry
  • Authorizes the Department of Revenue to adopt emergency rules to administer the act, effective for 6 months after adoption with renewal allowed while permanent rulemaking is pending
  • Takes effect contingent on voter approval of a corresponding constitutional amendment proposed by SJR 618 at the next general election or an authorized special election

Legislative Description

Tax Exemptions for Surviving Spouses of Quadriplegics

Last Action

Died in Appropriations

3/8/2024

Committee Referrals

Appropriations2/15/2024
Finance and Tax1/11/2024

Full Bill Text

No bill text available