PROP TX-SENIOR FREEZE

Session: 103rd General Assembly
Year: 2024
Bill #: SB3573
Category: Revenue
Position: Under Review
Mandate? No
Revenue Loss? Yes
Authority Preemption?

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Amends the Property Tax Code. Provides that, for taxable year 2024, the maximum income limitation for the Low-Income Senior Citizens Assessment Freeze Homestead Exemption is $75,000. Provides that, for taxable year 2025 and subsequent taxable years, the maximum income limitation shall be adjusted by the percentage increase, if any, in the Consumer Price Index. Effective immediately.



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