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SB 0496 - 'Alternative Homestead Option Sales and Use Tax Act'; enact
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Tracking Level: Evaluating
Sponsor: Rogers,Chip 21st
Last Action: 2/28/2012 - Senate Read and Referred
State Code Titles: 48
Senate Committee: FIN
Assigned To:
Clint MuellerNext Bill
Sales Tax-LocalNext Bill

Staff Analysis of the Legislation

SB 496 provides for new HOST tax which is in addition to the current HOST tax. The new HOST places all proceeds towards a HOST homestead exemption and allows proceeds to go to capital outlay only after the homestead exemption has been funded at 100%. The homestead exemption consists of two separate exemptions. First, is the actual exemption funded by the tax. Second, is the additional exemption to offset future millage rate increases.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text






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