Senate Bill sb1642c1

CODING: Words stricken are deletions; words underlined are additions.
    Florida Senate - 2001                           CS for SB 1642

    By the Committee on Comprehensive Planning, Local and Military
    Affairs; and Senator Latvala




    316-1718-01

  1                      A bill to be entitled

  2         An act relating to homestead exemption;

  3         amending s. 196.031, F.S.; providing that a

  4         person who is receiving or claiming the benefit

  5         of an ad valorem tax exemption or a tax credit

  6         that requires permanent residency in another

  7         state for eligibility is not eligible for

  8         homestead exemption; providing an exception;

  9         providing an effective date.

10

11  Be It Enacted by the Legislature of the State of Florida:

12

13         Section 1.  Subsection (6) is added to section 196.031,

14  Florida Statutes, to read:

15         196.031  Exemption of homesteads.--

16         (6)  A person who is receiving or claiming the benefit

17  of an ad valorem tax exemption or a tax credit in another

18  state where permanent residency is required as a basis for the

19  granting of that ad valorem tax exemption or tax credit is not

20  entitled to the homestead exemption provided by this section.

21  This subsection does not apply to a person who has the legal

22  or equitable title to real estate in Florida and maintains

23  thereon the permanent residence of another legally or

24  naturally dependent upon the owner.

25         Section 2.  This act shall take effect January 1, 2002.

26

27          STATEMENT OF SUBSTANTIAL CHANGES CONTAINED IN
                       COMMITTEE SUBSTITUTE FOR
28                             SB 1642

29

30  This CS includes an exception from the restriction imposed by
    the bill. Property owners may obtain a Florida homestead
31  exemption, even if they benefit from an exemption in another
    state, if the Florida homestead is maintained for a dependent.
                                  1

CODING: Words stricken are deletions; words underlined are additions.