2017 Regular Session
|At the request of:||(at the request of Senate Interim Committee on Finance and Revenue)|
|Regular Sponsors:||Printed pursuant to Senate Interim Rule 213.28 by order of the President of the Senate in conformance with presession filing rules, indicating neither advocacy nor opposition on the part of the President.|
|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|