| 1 | Representative(s) Cannon offered the following: |
| 2 |
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| 3 | Amendment (with ballot statement amendment) |
| 4 | Remove line(s) 304-337, and insert: |
| 5 | SECTION 27. Transitional assessments of homestead |
| 6 | property; effective date.-- |
| 7 | (a) Each person entitled to a homestead exemption under |
| 8 | Section 6 of Article VII on the effective date of this |
| 9 | amendment, shall continue to have the person's current homestead |
| 10 | assessed under Section 4(c) of Article VII until the person |
| 11 | makes an irrevocable election to no longer have the person's |
| 12 | homestead assessed under Section 4(c) of Article VII. After the |
| 13 | irrevocable election is made, the homestead may not be assessed |
| 14 | under Section 4(c) of Article VII. By general law and subject to |
| 15 | conditions specified therein, the legislature shall provide |
| 16 | procedures for persons to make the election. |
| 17 | (b) The exemption provided in Section 6(a) of Article VII |
| 18 | to each person entitled to have the person's homestead assessed |
| 19 | under Section 4(c) of Article VII pursuant to subsection (a) |
| 20 | shall be limited to the exemption the person would have been |
| 21 | entitled to under Section 6(a)-(d) of Article VII as it existed |
| 22 | on the day before the effective date of this amendment. |
| 23 | (c) The amendments to Sections 3, 4, 6, and 9 of Article |
| 24 | VII, providing an exemption from ad valorem taxation for |
| 25 | tangible personal property, revising provisions limiting an |
| 26 | increase in the assessed value of homestead property, providing |
| 27 | for assessing rent-restricted affordable housing and commercial |
| 28 | and public-access waterfront property pursuant to general law, |
| 29 | increasing the homestead exemption by providing a schedule for |
| 30 | determining the exemption based on a percentage of the |
| 31 | property's just value, and requiring the legislature to limit |
| 32 | the authority of counties, municipalities, and special districts |
| 33 | to increase ad valorem taxes, and this section, providing for |
| 34 | transitional assessments of homestead property, shall take |
| 35 | effect upon approval by the electors and shall operate |
| 36 | retroactively to January 1, 2008, if approved by the electors on |
| 37 | January 29, 2008, or if approved at the next general election, |
| 38 | shall take effect January 1, 2009. |
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| 41 | == B A L L O T S T A T E M E N T A M E N D M E N T == |
| 42 | Remove line(s) 356-358, and insert: |
| 43 | preserving application of Save-Our-Homes provisions until an |
| 44 | irrevocable election is made; to revise Save-Our-Homes |
| 45 | provisions to |