Florida Senate - 2007                        SENATOR AMENDMENT
    Bill No. SJR 4-B
                        Barcode 605710
                            CHAMBER ACTION
              Senate                               House
                                   .                    
                                   .                    
 1                                 .                    
                                   .                    
 2                                 .                    
                                   .                    
 3         Floor: 4/AD/2R          .                    
       06/14/2007 09:44 AM         .                    
 4  ______________________________________________________________
 5  
 6  
 7  
 8  
 9  
10  ______________________________________________________________
11  Senator Webster moved the following amendment:
12  
13         Senate Amendment 
14         On page 12, line 13, through
15            page 13, line 17, delete those lines
16  
17  and insert:  if submitted to the electors of this state for
18  approval or rejection at a special election authorized by law
19  to be held on January 29, 2008, shall take effect upon
20  approval by the electors and shall operate retroactively to
21  January 1, 2008, or, if submitted to the electors of this
22  state for approval or rejection at the next general election,
23  shall take effect January 1 of the year following such general
24  election.
25         BE IT FURTHER RESOLVED that the following statement be
26  placed on the ballot:
27                     CONSTITUTIONAL AMENDMENT
28              ARTICLE VII, SECTIONS 3, 4, 6, AND 9;
29                     ARTICLE XII, SECTION 27
30         AD VALOREM PROPERTY TAXATION: ASSESSMENTS, EXEMPTIONS,
31  LIMITATIONS, AND HOMESTEADS.--Proposing amendments to the
                                  1
    7:40 AM   06/14/07                              s0004Bb-09-j02


    Florida Senate - 2007                        SENATOR AMENDMENT
    Bill No. SJR 4-B
                        Barcode 605710
 1  State Constitution to increase the homestead exemption from
 2  $25,000 to 75 percent of the just value of the property up to
 3  $200,000 and 15 percent of the just value of the property
 4  above $200,000 up to $500,000, to subject the $500,000
 5  threshold to annual adjustments based on the percentage change
 6  in per capita personal income, to authorize an increase in the
 7  $500,000 threshold amount by a two-thirds vote of the
 8  Legislature, and to specify minimum homestead exemption
 9  amounts of $50,000 for everyone except low-income seniors and
10  $100,000 for low-income seniors; to provide for transitional
11  assessments of homestead property under the increased
12  homestead exemption that include preserving application of
13  Save-Our-Homes provisions when those provisions provide a
14  benefit that is greater than the increased homestead
15  exemption; to revise Save-Our-Homes provisions to conform to
16  provisions providing for the increased homestead exemption and
17  transitional assessments of homestead property; to require the
18  Legislature to limit the authority of counties,
19  municipalities, and special districts to increase ad valorem
20  taxes; to authorize an exemption from ad valorem taxes of no
21  less than $25,000 of assessed value of tangible personal
22  property; to provide for assessing rent-restricted affordable
23  housing property and waterfront property used for commercial
24  fishing, commercial water-dependent activities, and public
25  access at less than just value; and to schedule the amendments
26  to take effect upon approval by the voters and operate
27  retroactively to January 1, 2008, if approved in a special
28  election held on January 29, 2008, or shall take effect
29  January 1, 2009, if approved in the general election held in
30  November of 2008.
31  
                                  2
    7:40 AM   06/14/07                              s0004Bb-09-j02