Introduced
by
To grant a homestead property tax exemption after May 1 to a person who acquires and occupies a homestead for which an exemption was not already on the tax roll on May 1. Under current law, if an owner has not filed the principal residence (homestead) property tax exemption for a residence by May 1, then the property tax exemption does not apply until the following year. The bill would prorate the tax exemption based on how much of the tax year has passed since the May 1 date.
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the bill pass.
Substitute offered
To replace the previous version of the bill with one that makes substantive changes in the details; see Senate-passed version for details.
The substitute passed by voice vote
Passed in the Senate 38 to 0 (details)
To change the deadline for applying for a homestead property tax exemption on a new home from May 1 to June 1 for the next summer tax levy, or November 1 for the next winter tax levy (plus all subsequent tax bills). Under current law, if an owner has not filed the principal residence (homestead) property tax exemption by May 1, then the exemption does not apply until the following year. The bill would also revise the distribution of property taxes on foreclosed property.
Referred to the Committee on Tax Policy
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 109 to 1 (details)
To change the deadline for applying for a homestead property tax exemption on a new home from May 1 to June 1 for the next summer tax levy, or November 1 for the next winter tax levy (plus all subsequent tax bills). Under current law, if an owner has not filed the principal residence (homestead) property tax exemption by May 1, then the exemption does not apply until the following year. The bill would also revise the distribution of property taxes on foreclosed property.
