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S 0910 - Increases the property tax homestead exemption from the first $50,000 to the first $75,000 of the fair market value

Tracking Level: Of Interest
Sponsor: Kevin Johnson (D)
Last Action: 1/14/2020 - Senate - Referred to Committee on Finance
Senate Committee: Fin
Assigned To:
Property TaxesNext Bill

Staff Analysis of the Legislation

Summary of the bill as introduced: Increases the property tax homestead exemption from the first $50,000 to the first $75,000 of the fair market value.

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Session 123 - (2019-2020)Printer Friendly
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S 0910 General Bill, By Johnson and Sabb
Similar (H 3332)
Summary: Homestead exemptions
    A BILL TO AMEND SECTION 12-37-250(A)(1) OF THE 1976 CODE, RELATING TO THE HOMESTEAD PROPERTY TAX EXEMPTION ALLOWED FOR TAXPAYERS WHO ARE OVER THE AGE OF SIXTY-FIVE YEARS, DISABLED, OR LEGALLY BLIND, TO INCREASE THE EXEMPTION AMOUNT FROM THE FIRST FIFTY THOUSAND DOLLARS TO THE FIRST SEVENTY-FIVE THOUSAND DOLLARS OF THE FAIR MARKET VALUE OF THE HOMESTEAD; AND TO REPEAL SECTION 12-37-245 OF THE 1976 CODE, RELATING TO AN OBSOLETE REFERENCE TO THE HOMESTEAD EXEMPTION.
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12/11/19Senate Prefiled
12/11/19Senate Referred to Committee on Finance
01/14/20Senate Introduced and read first time (Senate Journal-page 37)
01/14/20Senate Referred to Committee on Finance (Senate Journal-page 37)



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