Florida Senate - 2023 CS for SB 124 By the Committee on Community Affairs; and Senator Avila 578-02098-23 2023124c1 1 A bill to be entitled 2 An act relating to homestead exemptions for persons 3 age 65 and older; amending s. 196.075, F.S.; 4 increasing the just value limit of real estate 5 eligible for the homestead tax exemption that may be 6 adopted by counties or municipalities for certain 7 persons age 65 and older; providing a contingent 8 effective date. 9 10 Be It Enacted by the Legislature of the State of Florida: 11 12 Section 1.Paragraph (b) of subsection (2) of section 13 196.075, Florida Statutes, is amended to read: 14 196.075Additional homestead exemption for persons 65 and 15 older. 16 (2)In accordance with s. 6(d), Art. VII of the State 17 Constitution, the board of county commissioners of any county or 18 the governing authority of any municipality may adopt an 19 ordinance to allow either or both of the following additional 20 homestead exemptions: 21 (b)The amount of the assessed value of the property for a 22 person who has the legal or equitable title to real estate with 23 a just value less than $300,000 $250,000, as determined in the 24 first tax year that the owner applies and is eligible for the 25 exemption, and who has maintained thereon the permanent 26 residence of the owner for at least 25 years, who has attained 27 age 65, and whose household income does not exceed the income 28 limitation prescribed in paragraph (a), as calculated in 29 subsection (3). 30 Section 2.This act shall take effect on the effective date 31 of the amendment to the State Constitution proposed by SJR 126 32 or a similar joint resolution having substantially the same 33 specific intent and purpose, if such amendment to the State 34 Constitution is approved at the next general election or at an 35 earlier special election specifically authorized by law for that 36 purpose.