Bills › 89th General Assembly
Exempting homestead property owned by certain elderly persons from specified school property tax levies and including applicability provisions
Topics:TaxesProperty taxes
Where it is now
- Done: IntroducedJanuary 21, 2021
- Done: SubcommitteeJanuary 26, 2021
- Stopped: Senate committeeDied when the General Assembly ended
- Next: Passes the Senate
- Next: House committee
- Next: Passes the House
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2022 session adjourned on May 24, 2022, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
7. Claims for the exemption must be filed with the local assessor by February of the first year the exemption is requested upon forms to be prescribed by the director of revenue. Once the exemption is granted, the exemption shall continue to be granted for subsequent assessment years without further filing.7 provides that for a property tax credit or exemption enacted on or after January 1, 1997, if a state appropriation made to fund the credit or exemption is not sufficient to fully fund the credit or exemption, the political subdivision shall be required to extend to the taxpayer only that portion of the credit or exemption estimated by the department of revenue to be funded by the state appropriation.
Read the full explanation
7 inapplicable to the property tax exemption provided in the bill. The bill applies to property taxes due and payable in fiscal years beginning on or after July 1, 2022.
Senate subcommittee
Named January 26, 2021. It hasn’t reported yet.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
Similar bills
- SF 2059 Exempting homestead property owned by certain elderly persons from specified school proper…89th General Assembly · In committeeNearly identical
Matched by wording or an identical title.