Florida Senate - 2007 SB 1024
By Senator Haridopolos
26-710-07
1 A bill to be entitled
2 An act relating to additional homestead
3 exemption for certain persons 65 years of age
4 and older; amending s. 196.075, F.S.;
5 increasing the maximum amount of the additional
6 homestead exemption that may be granted by a
7 county or municipality; providing procedures
8 for implementing the increased exemption for
9 the 2007 tax year; providing an effective date.
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11 Be It Enacted by the Legislature of the State of Florida:
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13 Section 1. Subsection (2) and paragraph (c) of
14 subsection (4) of section 196.075, Florida Statutes, are
15 amended to read:
16 196.075 Additional homestead exemption for persons 65
17 and older.--
18 (2) In accordance with s. 6(f), Art. VII of the State
19 Constitution, the board of county commissioners of any county
20 or the governing authority of any municipality may adopt an
21 ordinance to allow an additional homestead exemption of up to
22 $50,000 $25,000 for any person who has the legal or equitable
23 title to real estate and maintains thereon the permanent
24 residence of the owner, who has attained age 65, and whose
25 household income does not exceed $20,000.
26 (4) An ordinance granting additional homestead
27 exemption as authorized by this section must meet the
28 following requirements:
29 (c) It must specify the amount of the exemption, which
30 may not exceed $50,000 $25,000. If the county or municipality
31 specifies a different exemption amount for dependent special
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CODING: Words stricken are deletions; words underlined are additions.
Florida Senate - 2007 SB 1024
26-710-07
1 districts or municipal service taxing units, the exemption
2 amount must be uniform in all dependent special districts or
3 municipal service taxing units within the county or
4 municipality.
5 Section 2. For the 2007 tax roll only, a taxing
6 authority that has adopted an exemption under section 196.075,
7 Florida Statutes, for the 2007 tax year may increase the
8 amount of that exemption, subject to the $50,000 limit, by
9 delivering to the property appraiser by May 1, 2007, a copy of
10 the adopted ordinance authorizing the increase.
11 Section 3. This act shall take effect upon becoming a
12 law.
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15 SENATE SUMMARY
16 Increases, from $25,000 to $50,000, the maximum amount of
the additional homestead exemption that may be granted by
17 a county or municipality to low-income persons 65 years
of age and older. Provides procedures for implementing
18 the increased exemption for the 2007 tax year.
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CODING: Words stricken are deletions; words underlined are additions.