Florida Senate - 2007 SENATOR AMENDMENT
Bill No. SJR 4-B
Barcode 363994
CHAMBER ACTION
Senate House
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06/14/2007 10:25 AM .
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11 Senator Webster moved the following amendment:
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13 Senate Amendment
14 On page 11, line 10, through
15 page 13, line 5, delete those lines
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17 and insert:
18 SECTION 27. Transitional assessments of homestead
19 property; effective date.--
20 (a) Each person entitled to a homestead exemption
21 under Section 6 of Article VII on the effective date of this
22 amendment shall continue to have the person's current
23 homestead assessed under Section 4(c) of Article VII until the
24 person makes an irrevocable election to no longer have the
25 person's homestead assessed under Section 4(c) of Article VII.
26 After the irrevocable election is made, the homestead may not
27 be assessed under Section 4(c) of Article VII. By general law
28 and subject to conditions specified therein, the Legislature
29 shall provide procedures for persons to make the election.
30 (b) The exemption provided in Section 6(a) of Article
31 VII to each person entitled to have the person's homestead
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Florida Senate - 2007 SENATOR AMENDMENT
Bill No. SJR 4-B
Barcode 363994
1 assessed under Section 4(c) of Article VII pursuant to
2 subsection (a) shall be limited to the exemption the person
3 would have been entitled to under Section 6(a)-(d) of Article
4 VII as it existed on the day before the effective date of this
5 amendment.
6 (c) The amendments to Sections 3, 4, 6, and 9 of
7 Article VII, providing an exemption from ad valorem taxation
8 for tangible personal property, revising provisions limiting
9 an increase in the assessed value of homestead property,
10 providing for assessing rent-restricted affordable housing and
11 commercial and public-access waterfront property pursuant to
12 general law, increasing the homestead exemption by providing a
13 schedule for determining the exemption based on a percentage
14 of the property's just value, and requiring the legislature to
15 limit the authority of counties, municipalities, and special
16 districts to increase ad valorem taxes, and this section,
17 providing for transitional assessments of homestead property,
18 shall take effect upon approval by the electors and shall
19 operate retroactively to January 1, 2008, if approved by the
20 electors on January 29, 2008, or, if approved at the next
21 general election, shall take effect January 1, 2009.
22 BE IT FURTHER RESOLVED that the following statement be
23 placed on the ballot:
24 CONSTITUTIONAL AMENDMENT
25 ARTICLE VII, SECTIONS 3, 4, 6, AND 9;
26 ARTICLE XII, SECTION 27
27 AD VALOREM PROPERTY TAXATION: ASSESSMENTS, EXEMPTIONS,
28 LIMITATIONS, AND HOMESTEADS.--Proposing amendments to the
29 State Constitution to increase the homestead exemption from
30 $25,000 to 75 percent of the just value of the property up to
31 $200,000 and 15 percent of the just value of the property
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7:26 AM 06/14/07 s0004Bb-09-j01
Florida Senate - 2007 SENATOR AMENDMENT
Bill No. SJR 4-B
Barcode 363994
1 above $200,000 up to $500,000, to subject the $500,000
2 threshold to annual adjustments based on the percentage change
3 in per capita personal income, to authorize an increase in the
4 $500,000 threshold amount by a two-thirds vote of the
5 Legislature, and to specify minimum homestead exemption
6 amounts of $50,000 for everyone except low-income seniors and
7 $100,000 for low-income seniors; to provide for transitional
8 assessments of homestead property under the increased
9 homestead exemption that include preserving application of
10 Save-Our-Homes provisions until an irrevocable election is
11 made; to revise Save-Our-Homes provisions to conform to
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