SB 119
Provides for a property tax credit against the ad valorem taxes imposed on the homestead of a resident serving on active military duty.
| Status | In Senate Committee (SFR) |
| Requested by | (at the request of Senate Interim Committee on Finance and Revenue) |
| Fiscal impact | May have fiscal impact, but no statement yet issued |
| Revenue impact | May have revenue impact, but no statement yet issued |
Bill Text
Creates a property tax credit for active military members on their homesteads while phasing out the current partial exemption.
Overview#
Digest: The Act would create a property tax credit for the home of a person who is on active military duty. The Act would phase out the current partial exemption for such homes. (Flesch Readability Score: 61.6). Provides for a property tax credit against the ad valorem taxes imposed on the homestead of a resident serving on active military duty. Phases out the current partial exemption for such homesteads. Takes effect on the 91st day following adjournment sine die.
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-13 | S | Introduction and first reading. Referred to President's desk. |
| 2025-01-17 | S | Referred to Finance and Revenue, then Tax Expenditures. |
| 2025-06-27 | S | In committee upon adjournment. |