Bill Status of HB4695 100th General Assembly
Short Description: PROP TX-EXEMPTION AMOUNT
Rep. David S. Olsen
| 1/8/2019||House||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Property Tax Code. Provides that, for taxable years 2018 and thereafter: (1) the maximum reduction under the senior citizens homestead exemption is $8,000 in all counties (currently, $8,000 in counties with 3,000,000 or more inhabitants and $5,000 in all other counties); and (2) the maximum reduction under the general homestead exemption is $10,000 in all counties (currently, $10,000 in counties with 3,000,000 or more inhabitants and $6,000 in all other counties). Effective immediately.
|Date||Chamber|| Action|| 2/8/2018||House||Filed with the Clerk by Rep. David S. Olsen|| 2/13/2018||House||First Reading|| 2/13/2018||House||Referred to Rules Committee|| 1/8/2019||House||Session Sine Die|