Bill Status of HB1794 95th General Assembly
Short Description: PROP TX-SENIOR FREEZE EXEMPT
Rep. Harry Osterman - Sidney H. Mathias and Greg Harris
| 1/13/2009||House||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Property Tax Code. In a Section concerning the Senior Citizens Assessment Freeze Homestead Exemption, provides that, for taxable year 2007 and thereafter, the amount of the exemption is the equalized assessed value of the residence in the taxable year for which application is made minus the base amount (now, the amount of the exemption is based upon the applicant's household income). Increases the income limitation, in taxable year 2007 and thereafter, from $50,000 to $55,000. Effective immediately.