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HB2340 • 2025

Reduces the minimum number of years that property must have been the homestead of an individual before the property is eligible for the homestead property tax deferral program.

Reduces the minimum number of years that property must have been the homestead of an individual before the property is eligible for the homestead property tax deferral program.

Taxes
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Last action
2025-06-27
Official status
In House Committee
Effective date
Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

  1. 2025-06-27 House

    In committee upon adjournment.

  2. 2025-01-17 House

    Referred to Revenue.

  3. 2025-01-13 House

    First reading. Referred to Speaker's desk.

Official Summary Text

Digest: The Act makes a home eligible for tax deferral after three years of living in it instead of five. (Flesch Readability Score: 67.3).
Reduces the minimum number of years that property must have been the homestead of an individual before the property is eligible for the homestead property tax deferral program.
Takes effect on the 91st day following adjournment sine die.
Relating to: Relating to eligibility criteria for the homestead property tax deferral program; prescribing an effective date.
Current location: In House Committee