| 1 | A bill to be entitled |
| 2 | An act relating to homestead exemption; amending s. |
| 3 | 196.075, F.S.; revising the amount of the additional |
| 4 | homestead exemption for low-income seniors in accordance |
| 5 | with the amendment to s. 6(f), Art. VII of the State |
| 6 | Constitution adopted at the 2006 general election; |
| 7 | providing for adjustments for the 2007 tax roll only; |
| 8 | providing for retroactive effect; providing an effective |
| 9 | date. |
| 10 |
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| 11 | Be It Enacted by the Legislature of the State of Florida: |
| 12 |
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| 13 | Section 1. Subsection (2) and paragraph (c) of subsection |
| 14 | (4) of section 196.075, Florida Statutes, are amended to read: |
| 15 | 196.075 Additional homestead exemption for persons 65 and |
| 16 | older.-- |
| 17 | (2) In accordance with s. 6(f), Art. VII of the State |
| 18 | Constitution, the board of county commissioners of any county or |
| 19 | the governing authority of any municipality may adopt an |
| 20 | ordinance to allow an additional homestead exemption of up to |
| 21 | $50,000 $25,000 for any person who has the legal or equitable |
| 22 | title to real estate and maintains thereon the permanent |
| 23 | residence of the owner, who has attained age 65, and whose |
| 24 | household income does not exceed $20,000. |
| 25 | (4) An ordinance granting additional homestead exemption |
| 26 | as authorized by this section must meet the following |
| 27 | requirements: |
| 28 | (c) It must specify the amount of the exemption, which may |
| 29 | not exceed $50,000 $25,000. If the county or municipality |
| 30 | specifies a different exemption amount for dependent special |
| 31 | districts or municipal service taxing units, the exemption |
| 32 | amount must be uniform in all dependent special districts or |
| 33 | municipal service taxing units within the county or |
| 34 | municipality. |
| 35 | Section 2. For the 2007 tax roll only, a taxing authority |
| 36 | that has adopted an exemption under section 196.075, Florida |
| 37 | Statutes, for the 2007 tax year may increase the amount of that |
| 38 | exemption, subject to the $50,000 limit, by delivering to the |
| 39 | property appraiser by May 1, 2007, a copy of the adopted |
| 40 | ordinance authorizing the increase. |
| 41 | Section 3. This act shall take effect upon becoming a law |
| 42 | and shall apply retroactively to January 1, 2007. |