SB 650
Provides, for purposes of ad valorem property taxation, a specially assessed value for the owner-occupied primary residences of individuals who are at least 65 years of age.
| Status | In Senate Committee (SFR) |
| Requested by | (at the request of Senator Noah Robinson) |
| Sponsors | Daniel Bonham (Republican) (Chief), Noah Robinson (Republican) (Chief) |
| Fiscal impact | May have fiscal impact, but no statement yet issued |
| Revenue impact | May have revenue impact, but no statement yet issued |
Bill Text
Provides a specially assessed property tax value for owner-occupied primary residences of individuals at least 65 years of age.
Overview#
Digest: The Act would grant a specially assessed property tax value for the homes of people who are at least 65 years old. (Flesch Readability Score: 69.1). Provides, for purposes of ad valorem property taxation, a specially assessed value for the owner-occupied primary residences of individuals who are at least 65 years of age. 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. |
| 2025-06-27 | S | In committee upon adjournment. |