HB 975: Homestead Exemptions for Low-income Seniors
GENERAL BILL by Borrero
Homestead Exemptions for Low-income Seniors; Provides homestead assessment limitation for low-income, long-term resident seniors; requires annual adjustment of limitation; requires property appraiser to serve notice of intent to record tax lien against property; provides such property is subject to certain taxes, penalties, & interest; provides exception from such penalties & interest; provides person must be given specified timeframe to pay taxes, penalties, & interest before lien is filed; revises amount of exemption that may be granted to low-income, long-term resident seniors receiving homestead exemption; provides for homestead exemption equal to assessed value of property for property owned by low-income, long-term resident seniors; requires annual adjustment of just value threshold.
Last Action: 3/14/2022 House - Died in State Affairs Committee
Bill Text: PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 12/20/2021 | House |
• Filed |
| 1/7/2022 | House |
• Referred to Local Administration & Veterans Affairs Subcommittee • Referred to Ways & Means Committee • Referred to State Affairs Committee • Now in Local Administration & Veterans Affairs Subcommittee |
| 1/11/2022 | House |
• 1st Reading (Original Filed Version) |
| 2/3/2022 | House |
• Added to Local Administration & Veterans Affairs Subcommittee agenda |
| 2/7/2022 | House |
• Favorable by Local Administration & Veterans Affairs Subcommittee • Reported out of Local Administration & Veterans Affairs Subcommittee • Now in Ways & Means Committee |
| 2/15/2022 | House |
• Added to Ways & Means Committee agenda |
| 2/17/2022 | House |
• Favorable by Ways & Means Committee • Reported out of Ways & Means Committee • Now in State Affairs Committee |
| 3/12/2022 | House |
• Indefinitely postponed and withdrawn from consideration |
| 3/14/2022 | House |
• Died in State Affairs Committee |
