Amendment
Bill No. 7003D
Amendment No. 885895
CHAMBER ACTION
Senate House
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1Representative(s) Vana offered the following:
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3     Substitute Amendment for Amendment (221721)
4Remove lines 489 through 497 and insert:
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6     (d)  If more than one person jointly owned a homestead
7property and one or more persons abandoned that homestead and
8established a new homestead, the person or persons abandoning
9the homestead shall be entitled to a reduction in just value for
10the new homestead in proportion to their ownership interest in
11the abandoned homestead in the abandoned property. The person
12who continues to own the previously jointly held property shall
13continue to have the same homestead benefit as when the property
14was jointly owned. There shall be no reduction in assessed value
15of any new homestead unless the prior homestead is reassessed
16under subsection (3) or this subsection as of January 1 after
17the abandonment occurs.


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