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2015 Senate Bill 24: Authorize homestead tax exemption for inherited house
Introduced by Sen. Mike Nofs (R) on January 21, 2015
To establish if a person dies and leaves his or her principal residence to a child, the heir may retain the homestead property tax exemption for up to two years as long as it is vacant and not leased or used for a business operation.   Official Text and Analysis.
Referred to the Senate Finance Committee on January 21, 2015
Reported in the Senate on March 5, 2015
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Amendment offered by Sen. David Knezek (D) on March 19, 2015
To require the legislature to appropriate extra money for school spending equivalent to the amount of foregone school tax revenue due to the bill.
The amendment failed 11 to 26 in the Senate on March 19, 2015.
    See Who Voted "Yes" and Who Voted "No".
Received in the House on March 19, 2015
Referred to the House Tax Policy Committee on March 19, 2015