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Glossary of Legislative Terms

CS/SB 7068: Taxation

GENERAL BILL by Appropriations ; Finance and Tax

Taxation; Adding exceptions to the definition of the term “change of ownership” for purposes of a certain homestead assessment limitation; specifying that portions of property not used for certain purposes are not exempt from ad valorem taxation; providing that improvements to real property are deemed owned by certain educational institutions for purposes of the educational exemption from ad valorem taxation if certain criteria are met; providing that modifications of certain original documents for certain purposes on which documentary stamp taxes were previously paid are not renewals and are not subject to the documentary stamp tax; extending the expiration date of the sales tax exemption for data center property; creating the Strong Families Tax Credit; defining terms, etc. APPROPRIATION: $208,000

Effective Date: Except as otherwise expressly provided in this act and except for this section, which shall take effect upon becoming a law, this act shall take effect July 1, 2021
 Last Action: 4/29/2021 Senate - Laid on Table, companion bill(s) passed, see HB 7061 (Ch. 2021-31) -SJ 872
Bill Text: Web Page | PDF
Senate Committee References:
  1. Appropriations (AP)


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Bill History

Date Chamber Action
3/22/2021 Senate • Submitted for consideration by Finance and Tax
• On Committee agenda-- Finance and Tax, 03/25/21, 9:00 am, 110 Senate Building
3/25/2021 Senate • Submitted as Committee Bill and Reported Favorably by Finance and Tax; YEAS 7 NAYS 0
• Filed
3/30/2021 Senate • Referred to Appropriations -SJ 326
• Introduced -SJ 326
4/14/2021 Senate • On Committee agenda-- Appropriations, 04/19/21, 10:00 am, 412 Knott Building
4/19/2021 Senate • CS by- Appropriations; YEAS 19 NAYS 0 -SJ 642
4/22/2021 Senate • Pending reference review -under Rule 4.7(2) - (Committee Substitute)
• Placed on Calendar, on 2nd reading
• Placed on Special Order Calendar, 04/26/21 -SJ 721
• CS by Appropriations read 1st time -SJ 647
4/26/2021 Senate • Retained on Special Order Calendar -SJ 720
4/27/2021 Senate • Retained on Special Order Calendar -SJ 745
4/28/2021 Senate • Retained on Special Order Calendar -SJ 843
4/29/2021 Senate • Read 2nd time -SJ 870
• Substituted HB 7061 -SJ 872
• Laid on Table, companion bill(s) passed, see HB 7061 (Ch. 2021-31) -SJ 872