HB2894 Summary

• Increases the maximum household income limitation for the Senior Citizens Assessment Freeze Homestead Exemption from $55,000 to $60,000 for taxable years 2017 through 2020

• Further increases the income limitation to $65,000 for taxable year 2021 and thereafter

• Maintains the $55,000 income limitation for taxable years 2008 through 2016

• Effective immediately upon becoming law