Proposing a constitutional amendment to limit ad valorem taxes on residence homesteads for low-income disabled or elderly persons and their surviving.

This bill proposes a constitutional amendment to allow political subdivisions, excluding school districts, counties, municipalities, and junior college districts, to limit the total amount of ad valorem taxes imposed on the residence homesteads of certain low-income persons who are disabled or elderly and their surviving spouses. The amendment would allow the governing body of a political subdivision to establish a tax limitation if a person of limited financial means who is disabled or 65 years of age or older receives a residence homestead exemption.

Proposing a constitutional amendment to limit ad valorem taxes on residence homesteads for low-income disabled or elderly persons and their surviving.

This bill proposes a constitutional amendment to allow political subdivisions, excluding school districts, counties, municipalities, and junior college districts, to limit the total amount of ad valorem taxes imposed on the residence homesteads of certain low-income persons who are disabled or elderly and their surviving spouses. The amendment would allow the governing body of a political subdivision to establish a tax limitation if a person of limited financial means who is disabled or 65 years of age or older receives a residence homestead exemption.