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Glossary of Legislative Terms

SB 276: Homestead Property Tax Benefits for Long-term Owners and Permanent Residents

GENERAL BILL by Bernard ; (CO-INTRODUCERS) Sharief

Homestead Property Tax Benefits for Long-term Owners and Permanent Residents; Requiring that certain property be assessed at less than just value when the person who owns the property has owned and used the property as his or her permanent residence for a specified timeframe; providing that the assessed value of such property shall be a certain amount and may not be increased under certain circumstances; specifying a homestead exemption for certain long-term owners and residents; authorizing periods of ownership and residency to be aggregated, etc.

Effective Date: On the effective date of the amendment to the State Constitution proposed by SJR 274 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: 1/13/2026 Senate - Introduced
Bill Text: Web Page | PDF
Senate Committee References:
  1. Finance and Tax (FT)
  2. Appropriations (AP)
  3. Rules (RC)


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Bill History

Date Chamber Action
10/23/2025 Senate • Filed
11/17/2025 Senate • Referred to Finance and Tax; Appropriations; Rules
1/13/2026 Senate • Introduced