Senate Sponsors: SEVERNS-FARLEY-JACOBS. House Sponsors: BRUNSVOLD-BOLAND-HOLBROOK Short description: PROP TX-AUTOMATIC HMSTD EXEMPT Synopsis of Bill as introduced: Amends the Property Tax Code. Deletes current provisions concerning the application and approval process for the homestead exemption. Provides that if, in counties with fewer than 3,000,000 inhabitants, based on the most recent assessment, the equalized assessed value of the homestead property for the current assessment year is greater than the equalized assessed value of the property for 1977, the owner of the property shall automatically receive the exemption in the amount of the increase over the 1977 assessment up to the maximum amount allowed. FISCAL NOTE (Dept. of Revenue) SB 1075 has no direct fiscal impact on this Dept. STATE MANDATES FISCAL NOTE (DCCA) SB1075 fails to create a State mandate. Last action on Bill: PUBLIC ACT.............................. 90-0368 Last action date: 97-08-10 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status