Senate Bill sb1024

    Florida Senate - 2007                                  SB 1024

    By Senator Haridopolos





    26-710-07

  1                      A bill to be entitled

  2         An act relating to additional homestead

  3         exemption for certain persons 65 years of age

  4         and older; amending s. 196.075, F.S.;

  5         increasing the maximum amount of the additional

  6         homestead exemption that may be granted by a

  7         county or municipality; providing procedures

  8         for implementing the increased exemption for

  9         the 2007 tax year; providing an effective date.

10  

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

12  

13         Section 1.  Subsection (2) and paragraph (c) of

14  subsection (4) of section 196.075, Florida Statutes, are

15  amended to read:

16         196.075  Additional homestead exemption for persons 65

17  and older.--

18         (2)  In accordance with s. 6(f), Art. VII of the State

19  Constitution, the board of county commissioners of any county

20  or the governing authority of any municipality may adopt an

21  ordinance to allow an additional homestead exemption of up to

22  $50,000 $25,000 for any person who has the legal or equitable

23  title to real estate and maintains thereon the permanent

24  residence of the owner, who has attained age 65, and whose

25  household income does not exceed $20,000.

26         (4)  An ordinance granting additional homestead

27  exemption as authorized by this section must meet the

28  following requirements:

29         (c)  It must specify the amount of the exemption, which

30  may not exceed $50,000 $25,000. If the county or municipality

31  specifies a different exemption amount for dependent special

                                  1

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






    Florida Senate - 2007                                  SB 1024
    26-710-07




 1  districts or municipal service taxing units, the exemption

 2  amount must be uniform in all dependent special districts or

 3  municipal service taxing units within the county or

 4  municipality.

 5         Section 2.  For the 2007 tax roll only, a taxing

 6  authority that has adopted an exemption under section 196.075,

 7  Florida Statutes, for the 2007 tax year may increase the

 8  amount of that exemption, subject to the $50,000 limit, by

 9  delivering to the property appraiser by May 1, 2007, a copy of

10  the adopted ordinance authorizing the increase.

11         Section 3.  This act shall take effect upon becoming a

12  law.

13  

14            *****************************************

15                          SENATE SUMMARY

16    Increases, from $25,000 to $50,000, the maximum amount of
      the additional homestead exemption that may be granted by
17    a county or municipality to low-income persons 65 years
      of age and older. Provides procedures for implementing
18    the increased exemption for the 2007 tax year.

19  

20  

21  

22  

23  

24  

25  

26  

27  

28  

29  

30  

31  

                                  2

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