HB 753

A bill to be entitled
2An act relating to homestead tax deferral; amending s.
3197.252, F.S.; revising income and age criteria for
4granting approval of applications for deferral of certain
5taxes and assessments relating to an increased homestead
6exemption by reason of age and residency; providing an
7effective date.
9Be It Enacted by the Legislature of the State of Florida:
11     Section 1.  Paragraph (b) of subsection (2) of section
12197.252, 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
16increased exemption by reason of age and residency as provided
17in s. 196.031(3)(a), approval of such application shall defer
18that portion of such ad valorem taxes plus non-ad valorem
19assessments which exceeds 3 percent of the applicant's
20household's income for the prior calendar year. If any such
21applicant's household income for the prior calendar year is less
22than $10,000, or is less than the household income designated
23for the additional homestead exemption pursuant to s. 196.075
24$12,000 if such applicant is 65 70 years of age or older,
25approval of such application shall defer such ad valorem taxes
26plus non-ad valorem assessments in their entirety.
27     Section 2.  This act shall take effect January 1, 2007.

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