Florida Senate - 2021 CS for SB 1256 By the Committee on Community Affairs; and Senator Polsky 578-02925-21 20211256c1 1 A bill to be entitled 2 An act relating to homestead exemption for seniors 65 3 and older; amending s. 196.075, F.S.; revising 4 provisions to require certain taxpayers to submit a 5 claim for homestead exemption only one time if certain 6 conditions are met; requiring the property appraiser 7 to provide specified information related to income 8 limitations on an annual basis; providing an effective 9 date. 10 11 Be It Enacted by the Legislature of the State of Florida: 12 13 Section 1. Paragraph (d) of subsection (4) and subsection 14 (5) of section 196.075, Florida Statutes, are amended to read: 15 196.075 Additional homestead exemption for persons 65 and 16 older.— 17 (4) An ordinance granting an additional homestead exemption 18 as authorized by this section must meet the following 19 requirements: 20 (d) It must require that a taxpayer claiming the exemption 21 for the first time
annuallysubmit to the property appraiser, 22 not later than March 1, a sworn statement of household income on 23 a form prescribed by the Department of Revenue. 24 (5) The department must require by rule that the filing of 25 the statement be supported by copies of any federal income tax 26 returns for the prior year, any wage and earnings statements (W 27 2 forms), any request for an extension of time to file returns, 28 and any other documents it finds necessary, for each member of 29 the household, to be submitted for inspection by the property 30 appraiser. The taxpayer’s sworn statement shall attest to the 31 accuracy of the documents and grant permission to allow review 32 of the documents if requested by the property appraiser. 33 Submission of supporting documentation is not required for the34 renewal of an exemption under this section unless the property35 appraiser requests such documentation.Once the documents have 36 been inspected by the property appraiser, they shall be returned 37 to the taxpayer or otherwise destroyed. Annually, the property 38 appraiser shall notify each taxpayer of the adjusted income 39 limitation set forth in subsection (3). The taxpayer must notify 40 the property appraiser by May 1 if his or her household income 41 exceeds the most recent adjusted income limitation. The property 42 appraiser may conduct is authorized to generaterandom audits of 43 the taxpayers’ sworn statements to ensure the accuracy of the 44 household income reported. If soselected for audit, a taxpayer 45 shall execute Internal Revenue Service Form 8821 or 4506, which 46 authorizes the Internal Revenue Service to release tax 47 information to the property appraiser’s office. All reviews 48 conducted in accordance with this section shall be completed on 49 or before June 1. The property appraiser may not grant or renew50 the exemption if the required documentation requested is not 51 provided. 52 Section 2. This act shall take effect July 1, 2021.