TAX SR HOMESTEAD EXEMPTION

Session: 104th General Assembly
Year: 2025
Bill #: SB0642
Category: Revenue
Position: No position
Mandate?
Revenue Loss?
Authority Preemption?

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Summary as Introduced

Amends the Fair and Exposition Authority Reconstruction Act. Makes a technical change in a Section concerning the short title.

Staff Analysis

Extends estimated completion dates of various Tax Increment Allocation Redevelopment projects, increases the maximum income limitation for the Low-Income Senior Citizens Assessment Freeze Homestead Exemption, establishes the interest rate for delinquent property taxes for tax year 2025, and allows the county clerk to administer payment plans and waive interest penalties.



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