SF0069H3019

This amendment increases the homeowner property tax exemption from 25% to 100% of fair market value and raises the appropriation for revenue reimbursement from $125 million to $250 million.

• Deletes twelve prior amendments to SF0069, clearing the way for this comprehensive revision. (Lines 1-12)
• Increases the homeowner property tax exemption from fifty percent (50%) to one hundred percent (100%) of the fair market value of single family residential structures and associated improved land. (Page 2, line 5)
• Increases the appropriation to the Department of Revenue from the General Fund from $125,000,000 to $250,000,000 for reimbursing government entities, including school districts, for revenue losses from the homeowner tax exemption. The appropriation period remains from the effective date through June 30, 2027. (Page 3, after line 8)Agency: Department of Revenue · $250,000,000 General Fund
• Renumbers Section 3 to Section 4 to accommodate the insertion of the new appropriation section. (Page 3, line 10)

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