Florida Senate - 2023                                     SB 124
       By Senator Avila
       39-00245A-23                                           2023124__
    1                        A bill to be entitled                      
    2         An act relating to homestead exemptions for persons
    3         age 65 and older; amending s. 196.075, F.S.;
    4         increasing the just value limit of real estate
    5         eligible for the homestead tax exemption that may be
    6         adopted by counties or municipalities for certain
    7         persons age 65 and older; providing a contingent
    8         effective date.
   10  Be It Enacted by the Legislature of the State of Florida:
   12         Section 1. Paragraph (b) of subsection (2) of section
   13  196.075, Florida Statutes, is amended to read:
   14         196.075 Additional homestead exemption for persons 65 and
   15  older.—
   16         (2) In accordance with s. 6(d), Art. VII of the State
   17  Constitution, the board of county commissioners of any county or
   18  the governing authority of any municipality may adopt an
   19  ordinance to allow either or both of the following additional
   20  homestead exemptions:
   21         (b) The amount of the assessed value of the property for a
   22  person who has the legal or equitable title to real estate with
   23  a just value less than $300,000 $250,000, as determined in the
   24  first tax year that the owner applies and is eligible for the
   25  exemption, and who has maintained thereon the permanent
   26  residence of the owner for at least 25 years, who has attained
   27  age 65, and whose household income does not exceed the income
   28  limitation prescribed in paragraph (a), as calculated in
   29  subsection (3).
   30         Section 2. This act shall take effect on the effective date
   31  of the amendment to the State Constitution proposed by SJR ____
   32  or a similar joint resolution having substantially the same
   33  specific intent and purpose, if such amendment to the State
   34  Constitution is approved at the next general election or at an
   35  earlier special election specifically authorized by law for that
   36  purpose.