SB 978 -  Reduction of Assessed Value

General Bill by Perry
Reduction of Assessed Value: Revising the requirements for property owners to receive a reduction in assessed value of certain homestead properties; revising the maximum value of such reduction; specifying the method for assessing property when conditions are no longer met to receive such reduction, etc.
Effective Date: On the effective date of the amendment to the State Constitution proposed by SJR 976 or a similar joint resolution having substantially the same specific intent and purpose, if such amendment to the State Constitution is approved at the next general election or at an earlier special election specifically authorized by law for that purpose
Last Event: 03/08/24 S Died in Finance and Tax on Friday, March 8, 2024 2:25 PM

Referred Committees and Committee Actions

Senate Referrals

  • Community Affairs
    • On agenda for: 01/22/24 4:00 PM
    • Favorable (final action) Votes: Yeas 8   Nays 0
  • Finance and Tax
  • Appropriations

Related Bills

Bill # Subject Relationship
Bill #: SJR 976 Subject: Reduction of Assessed Value Relationship: Linked
Bill #: HB 1513 Subject: Reduction of Assessed Value Relationship: Similar
Bill #: HJR 1511 Subject: Tax Exemption for Portions of Homestead Property Used as Living Quarters for Parents and Grandparents Relationship: Compare

Bill Text

Staff Analysis

Chamber Committee
Chamber: Senate Committee: Community Affairs 1/22/2024 7:38:41 PM
Chamber: Senate Committee: Community Affairs 1/19/2024 4:05:59 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: S Died in Finance and Tax Time: 03/08/2024 - 2:25 PM Member: Committee: Finance and Tax Version: __
Event: S Now in Finance and Tax Time: 01/23/2024 - 8:19 AM Member: Committee: Finance and Tax Version: __
Event: S Favorable by Community Affairs; YEAS 8 NAYS 0 Time: 01/22/2024 - 6:28 PM Member: Committee: Community Affairs Version: __
Event: S On Committee agenda-- Community Affairs, 01/22/24, 4:00 pm, 401 Senate Building Time: 01/17/2024 - 2:22 PM Member: Committee: Community Affairs Version: __
Event: S Introduced Time: 01/09/2024 - 9:37 AM Member: Committee: Version: __
Event: S Referred to Community Affairs; Finance and Tax; Appropriations Time: 01/04/2024 - 6:08 PM Member: Committee: Community Affairs Version: __
Event: S Filed Time: 12/18/2023 - 12:38 PM Member: Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
193.703 CS/HB 7073, CS/SB 7074