Amendment
Bill No. 0003B
Amendment No. 931183
CHAMBER ACTION
Senate House
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1Representative(s) Cannon offered the following:
2
3     Amendment (with ballot statement amendment)
4     Remove line(s) 304-337, and insert:
5     SECTION 27.  Transitional assessments of homestead
6property; effective date.--
7     (a)  Each person entitled to a homestead exemption under
8Section 6 of Article VII on the effective date of this
9amendment, shall continue to have the person's current homestead
10assessed under Section 4(c) of Article VII until the person
11makes an irrevocable election to no longer have the person's
12homestead assessed under Section 4(c) of Article VII. After the
13irrevocable election is made, the homestead may not be assessed
14under Section 4(c) of Article VII. By general law and subject to
15conditions specified therein, the legislature shall provide
16procedures for persons to make the election.
17     (b)  The exemption provided in Section 6(a) of Article VII
18to each person entitled to have the person's homestead assessed
19under Section 4(c) of Article VII pursuant to subsection (a)
20shall be limited to the exemption the person would have been
21entitled to under Section 6(a)-(d) of Article VII as it existed
22on the day before the effective date of this amendment.
23     (c)  The amendments to Sections 3, 4, 6, and 9 of Article
24VII, providing an exemption from ad valorem taxation for
25tangible personal property, revising provisions limiting an
26increase in the assessed value of homestead property, providing
27for assessing rent-restricted affordable housing and commercial
28and public-access waterfront property pursuant to general law,
29increasing the homestead exemption by providing a schedule for
30determining the exemption based on a percentage of the
31property's just value, and requiring the legislature to limit
32the authority of counties, municipalities, and special districts
33to increase ad valorem taxes, and this section, providing for
34transitional assessments of homestead property, shall take
35effect upon approval by the electors and shall operate
36retroactively to January 1, 2008, if approved by the electors on
37January 29, 2008, or if approved at the next general election,
38shall take effect January 1, 2009.
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40
41== B A L L O T  S T A T E M E N T  A M E N D M E N T ==
42     Remove line(s) 356-358, and insert:
43preserving application of Save-Our-Homes provisions until an
44irrevocable election is made; to revise Save-Our-Homes
45provisions to


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