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Senate Joint Resolution 1 |
Senate Author: Nelson et al. |
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For Election: 11-3-15 |
House Sponsor: Bonnen, Dennis et al. |
Senate Joint Resolution 1 proposes an amendment to the state constitution to increase the amount of the residence homestead exemption from property taxation by a school district from $15,000 to $25,000; to provide for a reduction of the limitation on the total amount of school district property taxes that may be imposed on the homestead of an elderly or disabled person to reflect the increased exemption amount; to authorize the legislature to prohibit a political subdivision that has adopted an optional residence homestead property tax exemption from reducing the amount of or repealing the exemption; and to prohibit the enactment of a law that imposes a transfer tax on a transaction that conveys fee simple title to real property.