2017 Regular Session
|At the request of:||(at the request of Senate Interim Committee on Finance and Revenue)|
|Regular Sponsors:||(Presession Filed)|
|Bill Title:||Relating to a homestead property tax exemption; prescribing an effective date.|
Provides for exemption from ad valorem property taxation of first $10,000 of real market value of homesteads.
Requires Department of Revenue to index exemption amount annually. Takes effect only if Senate Joint Resolution 3 (2017) is approved by people at regular general election held in November 2018. Takes effect on effective date of constitutional amendment proposed by Senate Joint Resolution 3 (2017).
|Fiscal Impact:||May Have Fiscal Impact, But No Statement Yet Issued|
|Revenue Impact:||May Have Revenue Impact, But No Statement Yet Issued|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||In Senate Committee|
|Current Committee:||Senate Committee On Finance and Revenue|