SB2746

SB2746 amends the Property Tax Code to increase the maximum income limit for the low-income senior citizens assessment freeze homestead exemption.

SB2746 amends the Property Tax Code by increasing the maximum income limit for the low-income senior citizens assessment freeze homestead exemption. For taxable years 2026 and thereafter, the maximum income limit is set at $75,000 for all qualified property, up from $65,000. The bill also outlines the process for applying for the exemption, including the requirement to submit an application by a specified deadline and the conditions under which an extension may be granted.