SF0069H3002

This amendment adds an appropriation provision to the bill and replaces terminology from a prior amendment to use 'market value' instead of 'assessed valuation' while capping the increase in market value at $2,000,000.

• Adds language to the bill summary indicating that the act provides an appropriation. (Page 1, line 2)
• Replaces 'assessed valuation' with 'market value' in the first instance within the Clouston second reading amendment to clarify the valuation method used for the homeowner property tax exemption. (Page 2, line 6)
• Replaces 'assessed valuation' with 'market value' in the second instance within the Clouston second reading amendment. (Page 2, line 7)
• Adds a cap limiting the increase in market value subject to the exemption to two million dollars ($2,000,000.00), effective from 2024 forward. (Page 2, line 10)

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