SB 978: Reduction of Assessed Value
GENERAL BILL by Perry
Reduction of Assessed Value; Revising the requirements for property owners to receive a reduction in assessed value of certain homestead properties; revising the maximum value of such reduction; specifying the method for assessing property when conditions are no longer met to receive such reduction, etc.
Effective Date: On the effective date of the amendment to the State Constitution proposed by SJR 976 or a similar joint resolution having substantially the same specific intent and purpose, if such amendment to the State Constitution is approved at the next general election or at an earlier special election specifically authorized by law for that purpose
Last Action: 3/8/2024 Senate - Died in Finance and Tax
Bill Text: Web Page | PDF
Last Action: 3/8/2024 Senate - Died in Finance and Tax
Bill Text: Web Page | PDF
Senate Committee References:
- Community Affairs (CA)
- Finance and Tax (FT)
- Appropriations (AP)
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Bill History
Date Chamber Action 12/18/2023 Senate • Filed
1/4/2024 Senate • Referred to Community Affairs; Finance and Tax; Appropriations
1/9/2024 Senate • Introduced
1/17/2024 Senate • On Committee agenda-- Community Affairs, 01/22/24, 4:00 pm, 401 Senate Building
1/22/2024 Senate • Favorable by Community Affairs; YEAS 8 NAYS 0
1/23/2024 Senate • Now in Finance and Tax
3/8/2024 Senate • Died in Finance and Tax
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SB 978, Original Filed Version (Current Bill Version) Posted 12/18/2023 at 12:38 PM
Bill Text: Web Page | PDF Analyses: Community Affairs (Pre-Meeting) 1/19/2024 (pdf)
Community Affairs (Post-Meeting) 1/22/2024 (pdf)
Related Bills (3)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 976 Reduction of Assessed Value Perry Linked Last Action: 3/8/2024 S Died in Finance and Tax 
H 1513 Reduction of Assessed Value McClain Similar Last Action: 3/8/2024 H Died in Ways & Means Committee
H 1511 Tax Exemption for Portions of Homestead Property Used as Living Quarters for Parents and Grandparents McClain Compare Last Action: 3/8/2024 H Died in Ways & Means Committee
Committee Votes (1)
Date Committee Result 1/22/2024 4:00 PM Community Affairs 8 Yeas - 0 Nays Citations - Statutes (1)
Citation Catchline Location in Bill Location In Bill Help 193.703 Reduction in assessment for living quarters of parents or grandparents. Page 1 (pdf)