Florida Senate - 2011                        COMMITTEE AMENDMENT
       Bill No. CS for SJR 658
       
       
       
       
       
       
                                Barcode 635654                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                   Comm: WD            .                                
                  05/18/2011           .                                
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       The Committee on Judiciary (Simmons) recommended the following:
       
    1         Senate Amendment to Substitute Amendment (891718) (with
    2  ballot and title amendments)
    3  
    4         Delete lines 280 - 305
    5  and insert:
    6         (f) By general law and subject to conditions specified
    7  therein, each person who is entitled to receive the homestead
    8  exemption provided in subsection (a) is entitled to an
    9  additional homestead exemption in an amount equal to twenty-five
   10  percent of the just value of the homestead between seventy-five
   11  thousand dollars and five-hundred thousand dollars. However, in
   12  any year, such person shall receive only the exemption provided
   13  in this subsection or the application of the cumulative
   14  assessment limitation calculated pursuant to subsection (c) of
   15  Section 4, whichever provides the lower taxable value. The
   16  exemption does not apply with respect to any assessment roll
   17  until such roll is first determined to be in compliance with the
   18  provisions of Section 4 by the state agency designated by
   19  general law. This exemption is repealed on the effective date of
   20  any future amendment to this constitution which provides for the
   21  assessment of homestead property at less than just value.
   22  
   23         Delete lines 347 - 363
   24  and insert:
   25         SECTION 33. Property tax exemptions and ad valorem tax
   26  limitations.—The amendment to Section 6 of Article VII, which
   27  provides an additional homestead exemption equal to the greater
   28  of twenty-five percent of the homestead’s just valuation between
   29  seventy-five thousand and five-hundred thousand dollars, and
   30  this section shall take effect January 1, 2013, and apply to
   31  property purchased on or after January 1, 2012.
   32  
   33  ====== B A L L O T  S T A T E M E N T  A M E N D M E N T ======
   34         And the ballot statement is amended as follows:
   35         Delete lines 388 - 411
   36  and insert:
   37         (3) This proposed amendment to the State Constitution also
   38  provides for an additional homestead exemption equal to the
   39  greater of 25 percent of the just value of the homestead
   40  property between $75,000 and $500,000. However, if the
   41  accumulated benefit already provided under the Save Our Homes
   42  amendment to the State Constitution is greater than the
   43  additional homestead exemption, the accumulated benefit will
   44  apply. The Save Our Homes amendment generally limits the
   45  increase in the taxable value of homestead property to the
   46  lesser of 3 percent or the rate of inflation. The additional
   47  homestead exemption will take effect on January 1, 2013, and
   48  applies to property purchased on or after January 1, 2012.
   49  
   50  ================= T I T L E  A M E N D M E N T ================
   51         And the title is amended as follows:
   52         Delete lines 430 - 435
   53  and insert:
   54         applicable to nonhomestead real property, provide an
   55         additional homestead exemption, delete a future repeal
   56         of