Florida Senate - 2005                      COMMITTEE AMENDMENT
    Bill No. SJR 228
                        Barcode 901536
                            CHAMBER ACTION
              Senate                               House
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11  The Committee on Community Affairs (Geller) recommended the
12  following amendment:
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14         Senate Amendment 
15         On page 4, lines 2-11, delete those lines
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17  and insert:  replacement property is greater than is exempted
18  by paragraph (c) of this section, the newly established
19  homestead property shall be initially assessed at less than
20  just value, as provided by general law. The difference between
21  the new homestead property's just value and its assessed value
22  in the first year the homestead is established may not exceed
23  the difference between the previous homestead's just value and
24  its assessed value in the year of sale. In addition, to be
25  assessed as provided in this paragraph, the assessed value of
26  the new homestead must equal or exceed the assessed value of
27  the previous homestead. Thereafter, the homestead shall be
28  assessed as provided herein.
29         (2)  The following conditions apply when calculating
30  the assessed value of a replacement homestead property under
31  this
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    8:30 AM   03/14/05                              s0228.ca31.001