2014 Senate Bill 831

Allow homestead property tax exemption for inherited residence

Introduced in the Senate

Feb. 26, 2014

Introduced by Sen. Mike Nofs (R-19)

To allow an individual who has inherited a dwelling that was the decedent’s principle residence, and who also has an principle residence property tax exemption on his or her current home, to claim the Proposal A principle residence (homestead) tax exemption on both properties for up to three years, or until the inherited residence is sold or leased.

Referred to the Committee on Finance

May 7, 2014

Reported without amendment

With the recommendation that the substitute (S­2) be adopted and that the bill then pass.

June 5, 2014

Passed in the Senate 37 to 0 (details)

Received in the House

June 5, 2014

Referred to the Committee on Tax Policy

Oct. 2, 2014

Reported without amendment

With the recommendation that the substitute (H-2) be adopted and that the bill then pass.