| 1 | Representative(s) Vana offered the following: |
| 2 |
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| 3 | Substitute Amendment for Amendment (221721) |
| 4 | Remove lines 489 through 497 and insert: |
| 5 |
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| 6 | (d) If more than one person jointly owned a homestead |
| 7 | property and one or more persons abandoned that homestead and |
| 8 | established a new homestead, the person or persons abandoning |
| 9 | the homestead shall be entitled to a reduction in just value for |
| 10 | the new homestead in proportion to their ownership interest in |
| 11 | the abandoned homestead in the abandoned property. The person |
| 12 | who continues to own the previously jointly held property shall |
| 13 | continue to have the same homestead benefit as when the property |
| 14 | was jointly owned. There shall be no reduction in assessed value |
| 15 | of any new homestead unless the prior homestead is reassessed |
| 16 | under subsection (3) or this subsection as of January 1 after |
| 17 | the abandonment occurs. |