2003 Senate Bill 520 ↩

Senate Roll Call 235: Passed

To establish an audit process to ensure that property owners do not claim homestead property tax exemptions on more than one property, and give local governments greater authority to seek out improper exemptions. The bill would establish a process whereby local governments and the Department of Treasury would cooperate in the audit process. Local governments which elect to participate would be entitled to a share of any previously unpaid taxes a local government collects on non-homestead properties which are found to have been taxed at the lower homestead rate. The bill would also make the filing deadline for a principal residence exemption December 31 of the previous year, rather than the current May 1 of the year for which the exemption is claimed.