Senate Sponsors: LINK. Short description: PROP TX-HOMESTD EXMPTION-CPI Synopsis of Bill as introduced: Amends the Property Tax Code concerning the general homestead exemption. Provides that the maximum reduction in the equalized assessed value of homestead property shall be adjusted annually to reflect increases in the Consumer Price Index-U published by the federal Department of Labor. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status