| 1 | A bill to be entitled |
| 2 | An act relating to homestead tax deferral; amending s. |
| 3 | 197.252, F.S.; revising income and age criteria for |
| 4 | granting approval of applications for deferral of certain |
| 5 | taxes and assessments relating to an increased homestead |
| 6 | exemption by reason of age and residency; providing an |
| 7 | effective date. |
| 8 |
|
| 9 | Be It Enacted by the Legislature of the State of Florida: |
| 10 |
|
| 11 | Section 1. Paragraph (b) of subsection (2) of section |
| 12 | 197.252, Florida Statutes, is amended to read: |
| 13 | 197.252 Homestead tax deferral.-- |
| 14 | (2) |
| 15 | (b) In the event the applicant is entitled to claim the |
| 16 | increased exemption by reason of age and residency as provided |
| 17 | in s. 196.031(3)(a), approval of such application shall defer |
| 18 | that portion of such ad valorem taxes plus non-ad valorem |
| 19 | assessments which exceeds 3 percent of the applicant's |
| 20 | household's income for the prior calendar year. If any such |
| 21 | applicant's household income for the prior calendar year is less |
| 22 | than $10,000, or is less than the household income designated |
| 23 | for the additional homestead exemption pursuant to s. 196.075 |
| 24 | $12,000 if such applicant is 65 70 years of age or older, |
| 25 | approval of such application shall defer such ad valorem taxes |
| 26 | plus non-ad valorem assessments in their entirety. |
| 27 | Section 2. This act shall take effect January 1, 2007. |