Florida Senate - 2007 SB 454 By Senator Dawson 29-380B-07 1 A bill to be entitled 2 An act relating to taxation on property; 3 amending s. 196.031, F.S.; increasing the 4 amount of the homestead exemption; providing a 5 contingent effective date. 6 7 Be It Enacted by the Legislature of the State of Florida: 8 9 Section 1. Paragraphs (d) and (e) of subsection (3) of 10 section 196.031, Florida Statutes, are amended to read: 11 196.031 Exemption of homesteads.-- 12 (3) 13 (d) For every person who is entitled to the exemption 14 provided in subsection (1) and who is a permanent resident of 15 this state, the exemption is increased to a total of $50,000 16$25,000of assessed valuation for taxes levied by governing 17 bodies of school districts. 18 (e) For every person who is entitled to the exemption 19 provided in subsection (1) and who is a resident of this 20 state, the exemption is increased to a total of $50,000 21$25,000of assessed valuation for levies of taxing authorities 22 other than school districts. However, the increase provided in 23 this paragraph shall not apply with respect to the assessment 24 roll of a county unless and until the roll of that county has 25 been approved by the executive director pursuant to s. 26 193.1142. 27 Section 2. This act shall take effect upon the 28 effective date of a joint resolution amending Section 6 of 29 Article VII of the State Constitution which provides for an 30 increase in the homestead exemption. 31 1 CODING: Wordsstrickenare deletions; words underlined are additions.
Florida Senate - 2007 SB 454 29-380B-07 1 ***************************************** 2 SENATE SUMMARY 3 Increases, from $25,000 to $50,000, the amount of the homestead exemption from ad valorem taxation. 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 2 CODING: Wordsstrickenare deletions; words underlined are additions.