Florida 2022 Regular Session

Florida House Bill H0973 Compare Versions

Only one version of the bill is available at this time.

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3	3	HJR 973 2022
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10	10	F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
11	11
12	12	House Joint Resolution 1
13	13	A joint resolution proposing amendments to sections 4 2
14	14	and 6 of Article VII and the creation of a new section 3
15	15	in Article XII of the State Constitution to authorize 4
16	16	the Legislature, by general law, to prohibit increases 5
17	17	in the assessed value of homestead property owned by a 6
18	18	low-income senior; to authorize the Legislature, by 7
19	19	general law, to allow counties or municipalities to 8
20	20	grant an exemption equal to the assessed value of 9
21	21	homestead property owned by a low -income, long-term 10
22	22	resident senior; and to provide for a homestead 11
23	23	exemption equal to the assessed value of the property 12
24	24	if the just value of the property is less than a 13
25	25	certain amount and legal or equitab le title to the 14
26	26	property is held by a low -income, long-term resident 15
27	27	senior, and to provide for annual adjustment of the 16
28	28	just value threshold. 17
29	29	18
30	30	Be It Resolved by the Legislature of the State of Florida: 19
31	31	20
32	32	That the following amendments to Sections 4 a nd 6 of 21
33	33	Article VII and the creation of a new section in Article XII of 22
34	34	the State Constitution are agreed to and shall be submitted to 23
35	35	the electors of this state for approval or rejection at the next 24
36	36
37	37	HJR 973 2022
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44	44	F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
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46	46	general election or at an earlier special election speci fically 25
47	47	authorized by law for that purpose: 26
48	48	ARTICLE VII 27
49	49	FINANCE AND TAXATION 28
50	50	SECTION 4. Taxation; assessments. —By general law 29
51	51	regulations shall be prescribed which shall secure a just 30
52	52	valuation of all property for ad valorem taxation, provided: 31
53	53	(a) Agricultural land, land producing high water recharge 32
54	54	to Florida's aquifers, or land used exclusively for 33
55	55	noncommercial recreational purposes may be classified by general 34
56	56	law and assessed solely on the basis of character or use. 35
57	57	(b) As provided by general l aw and subject to conditions, 36
58	58	limitations, and reasonable definitions specified therein, land 37
59	59	used for conservation purposes shall be classified by general 38
60	60	law and assessed solely on the basis of character or use. 39
61	61	(c) Pursuant to general law tangible per sonal property 40
62	62	held for sale as stock in trade and livestock may be valued for 41
63	63	taxation at a specified percentage of its value, may be 42
64	64	classified for tax purposes, or may be exempted from taxation. 43
65	65	(d) All persons entitled to a homestead exemption under 44
66	66	Section 6 of this article shall have their homestead assessed at 45
67	67	just value as of January 1 of the year following the effective 46
68	68	date of this amendment. This assessment shall change only as 47
69	69	provided in this subsection. 48
70	70	(1) Assessments subject to this subs ection shall be 49
71	71
72	72	HJR 973 2022
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75	75
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79	79	F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
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81	81	changed annually on January 1st of each year; but those changes 50
82	82	in assessments shall not exceed the lower of the following: 51
83	83	a. Three percent (3%) of the assessment for the prior 52
84	84	year. 53
85	85	b. The percent change in the Consumer Price Index fo r all 54
86	86	urban consumers, U.S. City Average, all items 1967=100, or 55
87	87	successor reports for the preceding calendar year as initially 56
88	88	reported by the United States Department of Labor, Bureau of 57
89	89	Labor Statistics. 58
90	90	(2) No assessment shall exceed just value. 59
91	91	(3) After any change of ownership, as provided by general 60
92	92	law, homestead property shall be assessed at just value as of 61
93	93	January 1 of the following year, unless the provisions of 62
94	94	paragraph (8) apply. Thereafter, the homestead shall be assessed 63
95	95	as provided in this subsection. 64
96	96	(4) New homestead property shall be assessed at just value 65
97	97	as of January 1st of the year following the establishment of the 66
98	98	homestead, unless the provisions of paragraph (8) apply. That 67
99	99	assessment shall only change as provided in this su bsection. 68
100	100	(5) Changes, additions, reductions, or improvements to 69
101	101	homestead property shall be assessed as provided for by general 70
102	102	law; provided, however, after the adjustment for any change, 71
103	103	addition, reduction, or improvement, the property shall be 72
104	104	assessed as provided in this subsection. 73
105	105	(6) In the event of a termination of homestead status, the 74
106	106
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114	114	F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
115	115
116	116	property shall be assessed as provided by general law. 75
117	117	(7) The provisions of this amendment are severable. If any 76
118	118	of the provisions of this amendment shall b e held 77
119	119	unconstitutional by any court of competent jurisdiction, the 78
120	120	decision of such court shall not affect or impair any remaining 79
121	121	provisions of this amendment. 80
122	122	(8)a. A person who establishes a new homestead as of 81
123	123	January 1 and who has received a homest ead exemption pursuant to 82
124	124	Section 6 of this Article as of January 1 of any of the three 83
125	125	years immediately preceding the establishment of the new 84
126	126	homestead is entitled to have the new homestead assessed at less 85
127	127	than just value. The assessed value of the new ly established 86
128	128	homestead shall be determined as follows: 87
129	129	1. If the just value of the new homestead is greater than 88
130	130	or equal to the just value of the prior homestead as of January 89
131	131	1 of the year in which the prior homestead was abandoned, the 90
132	132	assessed value of the new homestead shall be the just value of 91
133	133	the new homestead minus an amount equal to the lesser of 92
134	134	$500,000 or the difference between the just value and the 93
135	135	assessed value of the prior homestead as of January 1 of the 94
136	136	year in which the prior homest ead was abandoned. Thereafter, the 95
137	137	homestead shall be assessed as provided in this subsection. 96
138	138	2. If the just value of the new homestead is less than the 97
139	139	just value of the prior homestead as of January 1 of the year in 98
140	140	which the prior homestead was aband oned, the assessed value of 99
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149	149	F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
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151	151	the new homestead shall be equal to the just value of the new 100
152	152	homestead divided by the just value of the prior homestead and 101
153	153	multiplied by the assessed value of the prior homestead. 102
154	154	However, if the difference between the just va lue of the new 103
155	155	homestead and the assessed value of the new homestead calculated 104
156	156	pursuant to this sub -subparagraph is greater than $500,000, the 105
157	157	assessed value of the new homestead shall be increased so that 106
158	158	the difference between the just value and the ass essed value 107
159	159	equals $500,000. Thereafter, the homestead shall be assessed as 108
160	160	provided in this subsection. 109
161	161	b. By general law and subject to conditions specified 110
162	162	therein, the legislature shall provide for application of this 111
163	163	paragraph to property owned by m ore than one person. 112
164	164	(e) The legislature may, by general law, for assessment 113
165	165	purposes and subject to the provisions of this subsection, allow 114
166	166	counties and municipalities to authorize by ordinance that 115
167	167	historic property may be assessed solely on the basis of 116
168	168	character or use. Such character or use assessment shall apply 117
169	169	only to the jurisdiction adopting the ordinance. The 118
170	170	requirements for eligible properties must be specified by 119
171	171	general law. 120
172	172	(f) A county may, in the manner prescribed by general law, 121
173	173	provide for a reduction in the assessed value of homestead 122
174	174	property to the extent of any increase in the assessed value of 123
175	175	that property which results from the construction or 124
176	176
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184	184	F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
185	185
186	186	reconstruction of the property for the purpose of providing 125
187	187	living quarters for one or more natural or adoptive grandparents 126
188	188	or parents of the owner of the property or of the owner's spouse 127
189	189	if at least one of the grandparents or parents for whom the 128
190	190	living quarters are provided is 62 years of age or older. Such a 129
191	191	reduction may not exceed the lesser of the following: 130
192	192	(1) The increase in assessed value resulting from 131
193	193	construction or reconstruction of the property. 132
194	194	(2) Twenty percent of the total assessed value of the 133
195	195	property as improved. 134
196	196	(g) For all levies other than school district l evies, 135
197	197	assessments of residential real property, as defined by general 136
198	198	law, which contains nine units or fewer and which is not subject 137
199	199	to the assessment limitations set forth in subsections (a) 138
200	200	through (d) shall change only as provided in this subsection. 139
201	201	(1) Assessments subject to this subsection shall be 140
202	202	changed annually on the date of assessment provided by law; but 141
203	203	those changes in assessments shall not exceed ten percent (10%) 142
204	204	of the assessment for the prior year. 143
205	205	(2) No assessment shall exceed ju st value. 144
206	206	(3) After a change of ownership or control, as defined by 145
207	207	general law, including any change of ownership of a legal entity 146
208	208	that owns the property, such property shall be assessed at just 147
209	209	value as of the next assessment date. Thereafter, such pr operty 148
210	210	shall be assessed as provided in this subsection. 149
211	211
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219	219	F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
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221	221	(4) Changes, additions, reductions, or improvements to 150
222	222	such property shall be assessed as provided for by general law; 151
223	223	however, after the adjustment for any change, addition, 152
224	224	reduction, or improvem ent, the property shall be assessed as 153
225	225	provided in this subsection. 154
226	226	(h) For all levies other than school district levies, 155
227	227	assessments of real property that is not subject to the 156
228	228	assessment limitations set forth in subsections (a) through (d) 157
229	229	and (g) shall change only as provided in this subsection. 158
230	230	(1) Assessments subject to this subsection shall be 159
231	231	changed annually on the date of assessment provided by law; but 160
232	232	those changes in assessments shall not exceed ten percent (10%) 161
233	233	of the assessment for the pr ior year. 162
234	234	(2) No assessment shall exceed just value. 163
235	235	(3) The legislature must provide that such property shall 164
236	236	be assessed at just value as of the next assessment date after a 165
237	237	qualifying improvement, as defined by general law, is made to 166
238	238	such property. Thereafter, such property shall be assessed as 167
239	239	provided in this subsection. 168
240	240	(4) The legislature may provide that such property shall 169
241	241	be assessed at just value as of the next assessment date after a 170
242	242	change of ownership or control, as defined by general l aw, 171
243	243	including any change of ownership of the legal entity that owns 172
244	244	the property. Thereafter, such property shall be assessed as 173
245	245	provided in this subsection. 174
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254	254	F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
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256	256	(5) Changes, additions, reductions, or improvements to 175
257	257	such property shall be assessed as provid ed for by general law; 176
258	258	however, after the adjustment for any change, addition, 177
259	259	reduction, or improvement, the property shall be assessed as 178
260	260	provided in this subsection. 179
261	261	(i) The legislature, by general law and subject to 180
262	262	conditions specified therein, may prohibit the consideration of 181
263	263	the following in the determination of the assessed value of real 182
264	264	property: 183
265	265	(1) Any change or improvement to real property used for 184
266	266	residential purposes made to improve the property's resistance 185
267	267	to wind damage. 186
268	268	(2) The installation of a solar or renewable energy source 187
269	269	device. 188
270	270	(j)(1) The assessment of the following working waterfront 189
271	271	properties shall be based upon the current use of the property: 190
272	272	a. Land used predominantly for commercial fishing 191
273	273	purposes. 192
274	274	b. Land that is accessible to the public and used for 193
275	275	vessel launches into waters that are navigable. 194
276	276	c. Marinas and drystacks that are open to the public. 195
277	277	d. Water-dependent marine manufacturing facilities, 196
278	278	commercial fishing facilities, and marine vessel construc tion 197
279	279	and repair facilities and their support activities. 198
280	280	(2) The assessment benefit provided by this subsection is 199
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289	289	F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
290	290
291	291	subject to conditions and limitations and reasonable definitions 200
292	292	as specified by the legislature by general law. 201
293	293	(k) The legislature may, by general law and subject to 202
294	294	conditions specified therein, prohibit increases in the assessed 203
295	295	value of property qualifying for a homestead exemption under 204
296	296	section 6 of this Article if the legal or equitable title to the 205
297	297	property is held by a person who h as attained age sixty -five and 206
298	298	whose household income, as defined by general law, does not 207
299	299	exceed the income limitation specified in subsection (d) of 208
300	300	section 6 of this Article. 209
301	301	SECTION 6. Homestead exemptions. — 210
302	302	(a) Every person who has the legal or equitable title to 211
303	303	real estate and maintains thereon the permanent residence of the 212
304	304	owner, or another legally or naturally dependent upon the owner, 213
305	305	shall be exempt from taxation thereon, except assessments for 214
306	306	special benefits, up to the assessed valuatio n of twenty-five 215
307	307	thousand dollars and, for all levies other than school district 216
308	308	levies, on the assessed valuation greater than fifty thousand 217
309	309	dollars and up to seventy -five thousand dollars, upon 218
310	310	establishment of right thereto in the manner prescribed by law. 219
311	311	The real estate may be held by legal or equitable title, by the 220
312	312	entireties, jointly, in common, as a condominium, or indirectly 221
313	313	by stock ownership or membership representing the owner's or 222
314	314	member's proprietary interest in a corporation owning a fee or a 223
315	315	leasehold initially in excess of ninety -eight years. The 224
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324	324	F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
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326	326	exemption shall not apply with respect to any assessment roll 225
327	327	until such roll is first determined to be in compliance with the 226
328	328	provisions of section 4 by a state agency designated by general 227
329	329	law. This exemption is repealed on the effective date of any 228
330	330	amendment to this Article which provides for the assessment of 229
331	331	homestead property at less than just value. 230
332	332	(b) Not more than one exemption shall be allowed any 231
333	333	individual or family unit or with resp ect to any residential 232
334	334	unit. No exemption shall exceed the value of the real estate 233
335	335	assessable to the owner or, in case of ownership through stock 234
336	336	or membership in a corporation, the value of the proportion 235
337	337	which the interest in the corporation bears to th e assessed 236
338	338	value of the property. 237
339	339	(c) By general law and subject to conditions specified 238
340	340	therein, the Legislature may provide to renters, who are 239
341	341	permanent residents, ad valorem tax relief on all ad valorem tax 240
342	342	levies. Such ad valorem tax relief shall be in the form and 241
343	343	amount established by general law. 242
344	344	(d) The legislature may, by general law, allow counties or 243
345	345	municipalities, for the purpose of their respective tax levies 244
346	346	and subject to the provisions of general law, to grant either or 245
347	347	both of the following additional homestead tax exemptions to a 246
348	348	person who holds the legal or equitable title to real estate and 247
349	349	maintains thereon the permanent residence of the owner, who has 248
350	350	attained age sixty-five, and whose household income, as defined 249
351	351
352	352	HJR 973 2022
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359	359	F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
360	360
361	361	by general law, does not exceed twenty thousand dollars : 250
362	362	(1) An exemption not exceeding fifty thousand dollars of 251
363	363	the assessed value of the property to a person who has the legal 252
364	364	or equitable title to real estate and maintains thereon the 253
365	365	permanent residence of the own er, who has attained age sixty -254
366	366	five, and whose household income, as defined by general law, 255
367	367	does not exceed twenty thousand dollars ; or 256
368	368	(2) An exemption equal to the assessed value of the 257
369	369	property to a person who has the legal or equitable title to 258
370	370	real estate with a just value less than two hundred and fifty 259
371	371	thousand dollars, as determined in the first tax year that the 260
372	372	owner applies and is eligible for the exemption, and who has 261
373	373	maintained thereon the permanent residence of the owner for not 262
374	374	less than twenty-five years, who has attained age sixty -five, 263
375	375	and whose household income does not exceed the income limitation 264
376	376	prescribed in paragraph (1) . 265
377	377	266
378	378	The general law must allow counties and municipalities to grant 267
379	379	either of these additional exemptions, within the limits 268
380	380	prescribed in this subsection, by ordinance adopted in the 269
381	381	manner prescribed by general law, and must provide for the 270
382	382	periodic adjustment of the income limitation prescribed in this 271
383	383	subsection for changes in the cost of living. 272
384	384	(e)(1) Each veteran who is age 65 or older who is 273
385	385	partially or totally permanently disabled shall receive a 274
386	386
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394	394	F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
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396	396	discount from the amount of the ad valorem tax otherwise owed on 275
397	397	homestead property the veteran owns and resides in if the 276
398	398	disability was combat related and the ve teran was honorably 277
399	399	discharged upon separation from military service. The discount 278
400	400	shall be in a percentage equal to the percentage of the 279
401	401	veteran's permanent, service -connected disability as determined 280
402	402	by the United States Department of Veterans Affairs. To qualify 281
403	403	for the discount granted by this paragraph, an applicant must 282
404	404	submit to the county property appraiser, by March 1, an official 283
405	405	letter from the United States Department of Veterans Affairs 284
406	406	stating the percentage of the veteran's service -connected 285
407	407	disability and such evidence that reasonably identifies the 286
408	408	disability as combat related and a copy of the veteran's 287
409	409	honorable discharge. If the property appraiser denies the 288
410	410	request for a discount, the appraiser must notify the applicant 289
411	411	in writing of the reasons for the denial, and the veteran may 290
412	412	reapply. The Legislature may, by general law, waive the annual 291
413	413	application requirement in subsequent years. 292
414	414	(2) If a veteran who receives the discount described in 293
415	415	paragraph (1) predeceases his or her spouse, and if, upon the 294
416	416	death of the veteran, the surviving spouse holds the legal or 295
417	417	beneficial title to the homestead property and permanently 296
418	418	resides thereon, the discount carries over to the surviving 297
419	419	spouse until he or she remarries or sells or otherwise di sposes 298
420	420	of the homestead property. If the surviving spouse sells or 299
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429	429	F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
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431	431	otherwise disposes of the property, a discount not to exceed the 300
432	432	dollar amount granted from the most recent ad valorem tax roll 301
433	433	may be transferred to the surviving spouse's new homestead 302
434	434	property, if used as his or her permanent residence and he or 303
435	435	she has not remarried. 304
436	436	(3) This subsection is self -executing and does not require 305
437	437	implementing legislation. 306
438	438	(f) By general law and subject to conditions and 307
439	439	limitations specified therein, the Legislature may provide ad 308
440	440	valorem tax relief equal to the total amount or a portion of the 309
441	441	ad valorem tax otherwise owed on homestead property to: 310
442	442	(1) The surviving spouse of a veteran who died from 311
443	443	service-connected causes while on active duty as a mem ber of the 312
444	444	United States Armed Forces. 313
445	445	(2) The surviving spouse of a first responder who died in 314
446	446	the line of duty. 315
447	447	(3) A first responder who is totally and permanently 316
448	448	disabled as a result of an injury or injuries sustained in the 317
449	449	line of duty. Causal connection between a disability and service 318
450	450	in the line of duty shall not be presumed but must be determined 319
451	451	as provided by general law. For purposes of this paragraph, the 320
452	452	term "disability" does not include a chronic condition or 321
453	453	chronic disease, unless t he injury sustained in the line of duty 322
454	454	was the sole cause of the chronic condition or chronic disease. 323
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464	464	F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
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466	466	As used in this subsection and as further defined by general 325
467	467	law, the term "first responder" means a law enforcement officer, 326
468	468	a correctional officer, a firefighter, an emergency medical 327
469	469	technician, or a paramedic, and the term "in the line of duty" 328
470	470	means arising out of and in the actual performance of duty 329
471	471	required by employment as a first responder. 330
472	472	(g) For all levies other than school district levies , each 331
473	473	person who holds the legal or equitable title to property with a 332
474	474	just value less than three hundred thousand dollars, as 333
475	475	determined in the first year that the owner applies and is 334
476	476	eligible for the exemption pursuant to this subsection, who has 335
477	477	maintained thereon the permanent residence of the owner for not 336
478	478	less than twenty years, who has attained age sixty -five, and 337
479	479	whose household income does not exceed the income limitation 338
480	480	prescribed in subsection (d) of this section is entitled to an 339
481	481	exemption equal to the assessed value of the property. The just 340
482	482	value limitation shall be adjusted annually to reflect the rate 341
483	483	of inflation, as determined by general law, and shall take 342
484	484	effect for new applicants on January 1 of each year. A person 343
485	485	who received an exemption pursuant to paragraph (d)(2) of this 344
486	486	section in 2022 qualifies for the exemption in this subsection 345
487	487	regardless of the just value of the exempted property. 346
488	488	347
489	489	ARTICLE XII 348
490	490	SCHEDULE 349
491	491
492	492	HJR 973 2022
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499	499	F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
500	500
501	501	Ad valorem assessment limitation and additional ad valorem 350
502	502	exemption for certain persons who have attained age sixty -five.—351
503	503	This section and the amendments to Sections 4 and 6 of Article 352
504	504	VII providing an assessment limitation for homestead property 353
505	505	owned by a person who has attained age sixty -five and who meets 354
506	506	certain income requirements; revising the eligibility criteria 355
507	507	for an exemption equal to the assessed value of the property 356
508	508	that may be granted by counties or municipalities if authorized 357
509	509	by the legislature; and providing for a homestead exemption for 358
510	510	a person who has attained age sixty-five and who meets certain 359
511	511	residency and income requirements if the just value of the 360
512	512	property is less than $300,000 shall take effect January 1, 361
513	513	2023. 362
514	514	BE IT FURTHER RESOLVED that the following statement be 363
515	515	placed on the ballot: 364
516	516	CONSTITUTIONAL AMENDMENTS 365
517	517	ARTICLE VII, SECTION S 4 AND 6 366
518	518	ARTICLE XII 367
519	519	HOMESTEAD PROPERTY T AX ASSESSMENT LIMITA TIONS AND TAX 368
520	520	EXEMPTIONS FOR CERTA IN LOW-INCOME ELDERLY PERSONS.— For 369
521	521	homestead property owned by low -income persons age 65 or older: 370
522	522	limits increases in the assessed value of homestead property; 371
523	523	authorizes the legislature to allow counties and municipalities 372
524	524	to provide exemptions for such property; and, for non -school 373
525	525	taxes only, exempts such homestead property valued less than 374
526	526
527	527	HJR 973 2022
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529	529
530	530
531	531	CODING: Words stricken are deletions; words underlined are additions.
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534	534	F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
535	535
536	536	$300,000, adjusted annually for inflation, if such low -income 375
537	537	persons have maintained their permanent residence for 20 years 376
538	538	or more. This amendment takes effect January 1, 2023. 377
539	539	378
540	540	BE IT FURTHER RESOLVED that the following statement be 379
541	541	placed on the ballot if a court declares the pre ceding statement 380
542	542	defective and the decision of the court is not reversed: 381
543	543	CONSTITUTIONAL AMENDMENTS 382
544	544	ARTICLE VII, SECTIONS 4 AND 6 383
545	545	ARTICLE XII 384
546	546	HOMESTEAD PROPERTY TAX ASSESSMENT LIMITATION AND TAX 385
547	547	EXEMPTIONS FOR CERTAIN LOW -INCOME ELDERLY PERSONS. —This 386
548	548	amendment creates a limitation on property tax assessment 387
549	549	increases on homestead property owned by persons age 65 or older 388
550	550	who have low household income as defined by general law; revises 389
551	551	the current provisions that allow the Legislature to authorize 390
552	552	counties and municipalities to grant additional homestead 391
553	553	exemptions for low-income persons age 65 or older by removing 392
554	554	the current $250,000 property just value limitation and removing 393
555	555	the current requirement that the owner must have used the 394
556	556	property as their perm anent residence for 25 years or more; and 395
557	557	creates a new homestead exemption that only applies to nonschool 396
558	558	property taxes for low -income persons, as defined by general 397
559	559	law, who are age 65 or older whose homestead property value is 398
560	560	less than $300,000 and wh o have used the property as their 399
561	561
562	562	HJR 973 2022
563	563
564	564
565	565
566	566	CODING: Words stricken are deletions; words underlined are additions.
567	567	hjr0973-00
568	568	Page 17 of 17
569	569	F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
570	570
571	571	permanent residence for 20 years or more. The $300,000 value 400
572	572	limitation shall be adjusted annually to reflect the rate of 401
573	573	inflation, as determined by general law. This amendment takes 402
574	574	effect January 1, 2023. 403