Provides, for purposes of ad valorem property taxation, a specially assessed value for the homestead of individuals who are at least 70 years old.

Taxes

Passed Legislature

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

Sponsor: Senator Anderson
Last action: 2025-06-27
Official status: In Senate 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

2025-06-27 Senate
In committee upon adjournment.
2025-01-17 Senate
Referred to Finance and Revenue.
2025-01-13 Senate
Introduction and first reading. Referred to President's desk.

Official Summary Text

Digest: The Act would grant a specially assessed property tax value for the homes of people who are at least 70 years old. The Act would sunset after six years, but a home in the program that remained eligible would be able to stay in it past the sunset. (Flesch Readability Score: 67.9).
Provides, for purposes of ad valorem property taxation, a specially assessed value for the homestead of individuals who are at least 70 years old.
Sunsets the program after six years. Maintains the specially assessed value for homesteads granted the specially assessed value before the sunset date as long as the homesteads continue to qualify for it.
Takes effect on the 91st day following adjournment sine die.
Relating to: Relating to a specially assessed value for the homesteads of seniors; prescribing an effective date.
Current location: In Senate Committee