This amendment adds a new provision limiting long-term homeowner tax exemptions when voters approve a separate homeowner property tax exemption initiative.
- Updates the bill title to reference the placement of a limitation on the long-term homeowner tax exemption. (Page 1, line 3)
- Corrects the statutory reference to indicate that a new subparagraph (D) is being created in addition to amendments to existing subparagraph (D). (Page 1, line 11)
- Adds a new provision (xlvi) establishing that if voters approve an initiative implementing a homeowner's property tax exemption and it is enacted into law, a property owner who qualifies for an exemption under both the long-term homeowner exemption and the initiative may only claim one of those exemptions. (Page 4, after line 11)
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