Last Action:
07/25/2005 S Referred to Finance
Council Document:
79S2 74 SMH-D
Caption Version:
Introduced
Caption Text:
Relating to increasing the amount of the residence homestead exemption from ad valorem taxation for public school purposes to $22,500, providing for an adjustment of the limitation on the total amount of ad valorem taxes that may be imposed for those purposes on the homesteads of the elderly or disabled to reflect the increased exemption amount and changes in school district ad valorem tax rates, and protecting school districts against the resulting loss in local revenue.
Author:
Wentworth
Subjects:
Property Interests--Homestead (I0616)
Taxation--Property-Appraisals & Appraisal Districts (I0792)
Taxation--Property-Exemptions (I0793)
Taxation--School District (I0785)
Remarks:
Senate Committee:
Senate Committee Status:
In committee