SB 209
Provides for exemption from ad valorem property taxation of first $10,000 of real market value of homesteads.
| Status | In Senate Committee (SFR) |
| Session | 2019 Regular Session |
| Requested by | (at the request of Senate Interim Committee on Finance and Revenue) |
| Fiscal impact | May have fiscal impact, but no statement yet issued |
| Revenue impact | May have revenue impact, but no statement yet issued |
Bill Text
Exempts the first $10,000 of real market value of homesteads from ad valorem property taxation, with annual indexing.
Overview#
Provides for exemption from ad valorem property taxation of first $10,000 of real market value of homesteads. Requires Department of Revenue to index exemption amount annually. Takes effect on 91st day following adjournment sine die.
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2019-01-14 | S | Introduction and first reading. Referred to President's desk. |
| 2019-01-15 | S | Referred to Finance and Revenue. |
| 2019-06-30 | S | In committee upon adjournment. |